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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
Risk barometer AUD/JPY has edged higher this morning after charting a Doji candlestick on Thursday. The yen lags all of its G10 peers as we type, as e-minis have inched higher. The rate last trades +7 pips at Y83.70.
- A clearance of Apr 2 high of Y84.49 would prompt bulls to focus on Y85.45, a cycle high printed on Mar 18. Bears look for a slide through yesterday's low/50-DMA at Y83.29/82.98 before targeting Mar 24 low of Y82.29.
Fig. 1: AUD/JPY vs. S&P 500 E-Mini Futures
Source: MNI - Market News/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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