By Haruya Ida — Mar 17 - 10:47 PM
• AUD/JPY rallied to 95.35 yesterday and 95.15-49 so far in Asia today
• Now well clear of 91.78 recent low on March 11, downtrend over?
• Looks to heading for test of 95.13-69 daily Ichimoku cloud
• Continues to move higher with hourly Ichimoku tenkan now at 95.28
• A number of factors seen behind AUD's recent push higher
• USD caution, Euro-Zone optimism, China stimulus, built up AUD shorts
• Seems like a perfect storm for AUD for now, some caution urged
• US Pres Trump not done with tariffs, other policies
• Related , , for more click on [FXBUZ]
AUD/JPY daily:
AUD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters