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AUSSIE-YEN: HSBC FX Tactician: Trade recommendation: Sell AUD-JPY @ 83.90,
target 80.50, stop 85.10
Another key focus for June will be on trade war developments. The month began
with a shift from combative rhetoric from the US administration to an actual
increase in tariffs. The weeks ahead could bring retaliation in a tit-for-tat
escalation that could also see US-China trade relations become the focus when
the US announces new details on proposed tariffs and investment curbs. It points
to a "risk off" environment that would favour the JPY and the USD, and challenge
trade-sensitive currencies such as the AUD.