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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUD
AUD/JPY firmed to its highest level since 15 Sep yesterday rising ~1.4% after the Australian Unemployment Rate ticked lower in May.
- The pair is up ~6% month to date, several key resistance levels have been broken. We last sit at ¥96.45/55.
- Bulls now look to target the high from Sep 15 2022 (¥97.13), this opens the 2022 high at ¥98.06.
- On the downside bears look to break ¥94.21 the 23.6% retracement of the Mar-Jun bull leg, this opens the 20-Day EMA (¥93.43).
- The latest BoJ monetary policy decision is on the wires today, no change to policy is expected.
Fig 1: AUD/JPY Daily Spot, EMAs
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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