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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
AUD/JPY has retreated and shed 31 pips thus far, extending Thursday's rout. It last sits at Y83.33, with major equity benchmarks across the Asia-Pac region trading in the red. Today's dip coincided with a pullback in the RSI, which has returned below the 70 level.
- Further losses past Feb 17 low of Y81.76 would encourage bears to take aim at the 50-DMA, which intersects at Y80.53 and has been intact since Nov last year. Bulls need a firm push through Feb 25 cycle high of Y84.95 to get some fresh impetus.
Fig. 1: AUD/JPY
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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