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Aug 08 - 09:55 PM

AUD/USD - Eases After Robust Rally; AUD/JPY Nears Resistance

By Krishna K  —  Aug 08 - 09:15 PM
  • AUD/USD eases 0.1% in Asia after closing 1.14% higher on Thursday

  • Buoyant risk appetite, hawkish RBA boost AUD; AUD/JPY jumps 1.5%

  • Receding fears of a U.S. recession boosts global stocks, AUD benefits

  • AUD supported as RBA policy diverges from other major c.banks( BOJ excepted)

  • China inflation data eyed Fri key; Singapore markets closed today

  • Resistance 0.6600-05, 0.6625, support 0.6570,0.6550; Thu range 0.6508-0.6592

  • AUD/JPY resistance at 97.58, 38.2% of 109.67-90.11 decline

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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