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Jan 18 - 05:55 AM

AUD/USD - Rises To Five-Month High After BoJ Stands Pat

By Rob Howard  —  Jan 18 - 03:40 AM
  • AUD/USD up to eye 0.7040 (Aug 16 high) after BoJ keeps YCC band unchanged

  • Nikkei jumps 2.5% on BoJ decision, to the benefit of the risk-sensitive AUD

  • AUD/JPY soars to one-month high near 92 as yen feels heat from BoJ policy

  • 0.7000 is now an AUD/USD support point (0.6997 was Tuesday's high)

  • Bull targets include 0.7091, 61.8% Fibo of 0.7661-0.6170, and 0.7136

  • Australian employment data due at 0030 GMT; 22.5k f/c. Jobless rate f/c 3.4%

Source:
Refinitiv IFR Research/Market Commentary

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