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Apr 25 - 01:55 AM

AUD/USD Gains Momentum From Yen Crosses As USD/JPY Climbs

By Ewen Chew  —  Apr 24 - 11:15 PM
  • AUD/USD hits an intraday high of 0.6511 from low of 0.6493

  • Pulled up by AUD/JPY cross as USD/JPY hits new decades-high

  • Briefly pops above 0.6503, the 50% retracement of April drop

  • But retreats to 0.6502 as 200 DMA resistance 0.6528 bears down

  • Australia financial markets closed Thurs; liquidity thinned

  • Yen weakens past 155.00 vs USD before BOJ decision Fri

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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