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Apr 29 - 03:55 AM

AUD/USD - Clearing A Path Higher As Yen Intervention Suspected

By Ewen Chew  —  Apr 29 - 01:35 AM
  • AUD/USD spikes as high as 0.6587 from opening 0.6524

  • Briefly peeked above 0.6586 top of Ichimoku cloud resistance

  • Mon close above that will clear a path higher to 0.6600

  • Sharp downmove in USD/JPY seen as a broader USD trigger

  • FX intervention suspected after USD/JPY crossed 160.00

  • Market have been eyeing psych barrier as a line-in-the-sand

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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