Free Trial

-YEN: Treading Water

AUSSIE

AUD/JPY has held a tight ranges so far, consolidating gains after yesterday's purchases on the back of optimism over U.S. fiscal matters. The rate last trades at Y75.66, virtually unchanged on the day.

  • Bulls see Oct 6 high/50-DMA at Y76.17/24 as their initial target and a break here would bring Sep 10 high of Y77.74 into view. Bears need losses past Oct 2 low of Y74.93 before setting their sights on Sep 24 low of Y73.98.
  • Japanese BoP current account balance is due shortly, Eco Watchers Survey comes out later in the day and earnings/spending data is due Friday. Nothing much on the Australian data docket today, with housing finance figures coming up tomorrow.

To read the full story

Close

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.