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Jan 16 - 05:55 PM

AUD/USD - Sales Versus JPY Weigh, Lower US Yields No Relief

By Krishna Kumar  —  Jan 16 - 04:42 PM

• AUD/USD opens 0.3% lower despite drop in U.S. yields as JPY strength weighs

• U.S. yields decline as Fed's Waller says 3 or 4 rate cuts possible this year

• AUD rally to 1-week 0.6248 high Thu quickly fades as AUD/JPY sales weigh

• AUD/JPY down 1.1% as JPY gains broadly on talk of BOJ rate hike next week

• Focus turns to China data Fri; Q4 GDP and Dec monthly activity data due

• Trump's Presidential inauguration Monday also key event

• Chances of RBA Feb rate cut at 71%, likely to cap AUD recovery attempts

• Buoyant commodity prices support; copper rallies to 5-week high

• Resistance 0.6230, 0.6250-60, support 0.6190-95, 0.6175

• Thursday range 0.6192-0.6248
The Fed at the Presidential handoff:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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