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JPY: Edges Lower Amid Broader Caution, Eyes Australian Jobs Report

AUD

AUD/JPY has edged lower, as regional equity markets have acted on a negative lead from Wall St. & e-minis slipped in early trade. News-wise, there has been little new apart from a statement from the Five Eyes alliance criticising China's policies in HK & headlines surrounding the need for no-deal Brexit contingency planning from the EU. The pair last trades -7 pips at Y75.78, struggling to attack the nearby 100-DMA, which limited losses yesterday.

  • A move through the aforementioned moving average at Y75.70 would encourage bears to target Nov 6 low of Y74.90. On the flip side, a jump above Nov 16 high of Y76.77 would allow bulls to take aim at Nov 11 high of Y77.10.
  • Australian labour market report is due shortly.
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