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Thomson Reuters
Sep 07 - 03:48 AM
AUD/JPY - AUD Heavy On Risk-Off Sentiment, AUD/JPY In Lead
First appeared on eFXplus on Sep 07 - 02:05 AM

  • AUD in general trading weak, reflects risk-off tone on trade frictions
  • AUD/USD off notch from 0.7202 to 0.7155 in Asia, AUD/JPY 79.70 to 79.06
  • AUD/JPY managing to hold above 79.00 but still at fresh trend lows
  • Cross lowest since November 2016, low of 76.79 seen Nov 11, '16 week
  • Bias expected to remain down, Japanese hedging of prior investments on-going
  • AUD/USD itself sees some support at 0.7145 low Wednesday, ahead of 0.7100

AUD/JPY weekly: Click here

AUD/JPY hourly: Click here

AUD/USD daily: Click here

Source:
Thomson Reuters IFR Markets

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