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VIEW: UBS: Will The RBA Join The Pack?


(Z1) Sell-Off Abates


Catch Up


Nothing New From Lowe


Coming up in the Asia-Pac session on Friday:

YEN: USDJPY has edged higher & trades at 107.80, back from highs of 107.89. JPY
has received mixed messages in terms of fundamental news over the weekend. There
has been risk +ve comments in the form of the warmer US-China trade based
rhetoric & increased prospect of North Korean de-nuclearisation. While Japanese
PM Abe's popularity has slipped further in the latest round of opinion polls,
although a RTRS survey suggests that biz still prefer Abe as PM. From a
technical perspective support around the 55-DMA (106.82) provided the base for
last week's gains with initial upside focus now on the lows from Feb 09-12
(108.03-42). Bears look for a close < Friday's hourly support level (107.48).
- EURJPY also trades unchanged at 132.25. Last week the cross failed to close >
the 100-DMA & 21-WMA (132.93). Correcting overbought daily studies remain a
concern for bulls and add weight to the bearish case. Bears now look for a close
below the 21-DMA (131.68) to shift focus lower.
- AUDJPY trades virtually unchanged at ~82.60. Thursday's rejection at the 84.06
resistance level has left the pair looking heavy and initial focus back on the
21-DMA (82.41). Bulls need a close above Friday's high (83.15).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |