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Sep 07 - 10:55 PM

AUD/USD - Slipping Early Asia As USD/JPY Leads USD Higher

By John Noonan  —  Sep 07 - 08:55 PM
  • AUD/USD down 0.3% in early trading, as rise in USD/JPY leading USD higher

  • Demand for USD out of Tokyo has supported the USD in Asia all this week

  • AUD/USD trending lower and only a break above 10-day MA at 0.6812 would concern bears

  • RBA Governor Lowe will be speaking at 1:05 PM local time

  • Market will be looking for clues on the next phase of RBA tightening cycle

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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