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Mar 10 - 10:55 PM

AUD/USD - Under Pressure As AUD/JPY Slips And JGB Yields Rise

By John Noonan  —  Mar 10 - 10:15 PM
  • Expectations BoJ will scrap negative rates in March impacting markets

  • Nikkei down 2.5%, JGB yields on the rise and JPY broadly firming nL2N3FP02I

  • AUD/JPY down around 0.30% and AUD/USD edging below Friday's 0.6613 low

  • Support is at the 55-day MA at 0.6602 and break targets 10-day MA at 0.6550

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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