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Apr 25 - 03:55 AM

AUD/USD - Advances Toward 200 DMA As Soaring Yen Crosses Steer

By Ewen Chew  —  Apr 25 - 02:05 AM
  • AUD/USD extends modest gains to 0.6512 from 0.6498

  • Advancing toward 200 DMA resistance at 0.6528

  • That chart barrier deflected it lower on Wed

  • Rally steered by AUD/JPY and other yen crosses soaring

  • Fear of intervention fades as 155.00 breached uneventfully

  • Traders see 160.00 as the new USD/JPY line-in-the sand

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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