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Feb 11 - 10:55 PM

AUD/USD - Holds Slim Weekly Gains, Helped By Weaker JPY

By James Connell  —  Feb 11 - 09:00 PM

• AUD/USD holds on to 0.3% weekly gain trading 0.6295 mid-week

• USD/JPY more responsive to higher U.S. yields overnight than other majors

• AUD/JPY tracking upper hourly Bollinger Band, lending support to AUD

• Topside open in the cross until 96.75 resistance

• With tariff news subsiding, U.S. CPI later Wed is next significant event

• RBA Feb 17-18 meeting in focus amid lack of significant domestic data

• AUD range Asia 0.6289-0.6300, support 0.6230, resistance 0.6305, 0.6330
AUDJPY midday 2


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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