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Aug 25 - 08:36 PM
AUD/JPY - Opens Under Heavy Pressure On Trade War Fears
First appeared on eFXplus on Aug 25 - 06:30 PM
  • AUD/JPY spiked lower early Asia, as tit-for-tat US-China trade war unnerves
  • Risk assets likely to remain volatile and keep the pressure on AUD/JPY
  • One bit of good news is Trump backing away from command US companies leave China nL5N25L0H2
  • AUD/JPY looks very bearish technically with next support around 67.00
  • The 76.4 of the 55.11 GFC low and 105.43 high comes in at 66.99
  • Resistance is found at the daily tenkan line at 71.56 and 10-day MA at 71.80

aud/jpy Click here

audjpy 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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