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JPY: Prints Fresh YtD Peak


AUD/JPY has added 15 pips in holiday-thinned trade and last sits at Y79.46, amid mild risk-on feel seen across G10 FX space. There has been little in the way of macro headline flow to drive the move, with markets showing limited reaction to below-forecast Chinese PMI data. The pair printed levels not seen since 1H2019 as it topped out at Y79.48.

  • A move through the psychological Y80.00 resistance and a breach of that figure would bring Apr 17, 2019 high of Y80.72 into play. Conversely, a dip through Dec 28 low of Y78.48 would expose Dec 21 low of Y77.49.

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