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Mar 17 - 11:55 PM

AUD/JPY - In Rally Mode? Well Clear Of Recent Lows

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

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