Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 14 - 10:55 PM

AUD/USD - Bid Into AU Wages Data; AUD/JPY Tests Resistance

By Krishna K  —  May 14 - 09:15 PM
  • AUD/USD hovers near 0.6630 resistance, awaits AU Q1 wage price index

  • A year-on-year rise of 4.2% and quarter-on-quarter rise of 0.9% expected

  • Likely to have a bearing on inflation expectations and RBA policy

  • Higher-for-longer RBA, risk rally, elevated metals prices underpin AUD

  • AUD/JPY tests 103.73 resistance, 76.4% of 104.88-100.01 Apr 29-May 1 fall

  • Break opens retest of 104.88, 10-year high as carry trade demand persists

  • AUD resistance 0.6630, 0.6650, 0.6667-77, support 0.6600-05, 0.6580-85

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!