By Andrew M Spencer — Jan 15 - 07:40 PM
+0.1% in a slow start for FX in Asia - little weekend news - AUD/JPY +0.35%
AUD/JPY flows a major AUD driver, as BOJ eases ultra-loose monetary policy
Japan Dec wholesale prices above 10% may add pressure on BOJ nL4N3400IZ
No AUD data or RBA speeches, so the USD and yen cross flows will likely lead
Charts; momentum studies edge higher, 21 day Bollinger bands expand
5, 10 & 21 day moving averages climb - strong positive setup
Targets a test of 0.7091 longer term - 61.8% of the 2022 fall
NY 0.6916 low and London 0.6994 high initial support and resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary