Free Trial

Holding Above 20-Day EMA, Tokyo CPI On Tap

AUD

After retreating from June highs AUD/JPY has held above the 20-Day EMA (¥95.12) in recent dealing.

  • The pair rose ~0.5% yesterday as firmer-than-forecast Retail Sales boosted the AUD whilst firmer US Tsy Yields weighed on the Yen.
  • Bulls look to break the high from 23 June at ¥96.85, from here they target year to date highs at ¥97.68.
  • Bears immediate focus is on the 20-Day EMA (¥95.12).
  • On tap shortly we have May Tokyo CPI, the headline figure is expected to rise 3.4% Y/Y. Also crossing is the May Jobless Rate, which is expected to hold steady at 2.6%.

To read the full story

Close

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.