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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 was unable to sustain a recovery above the ¥94 handle after recovering off session lows post the softer than expected US CPI print.
- The pair sits at ¥93.93/98 and is holding below the ¥94 handle in early trading. AUD/JPY is ~4% below mid-June highs.
- Bears look to break yesterday's low at ¥93.27, this opens the low from 6 June (¥92.14) and the 200-Day EMA (¥91.98).
- On the upside bulls immediate focus is on yesterday's high (¥94.22), the 20-Day EMA (¥94.99) is the next resistance level.
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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