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Dec 20 - 05:55 AM

AUD/USD - Eyes 0.67 After Lift From BoJ Shock-Spurred Low

By Rob Howard  —  Dec 20 - 04:40 AM
  • AUD/USD eyes 0.67 after pushing its recovery envelope from 0.6629

  • 0.6629 was four-week low at 0539 GMT vs 0.6743 high at 0307 GMT

  • AUD/USD volatility spurred by big losses for USD/JPY and AUD/JPY on BoJ news

  • Yen strength courtesy of surprise YCC policy change nL1N33A01A

  • 0.6743 was highest level since Dec 15 (0.6777 was NY session high that day)

  • Support points below 0.6629 include 0.6600 and 0.6585 (Nov 21 low)

Source:
Refinitiv IFR Research/Market Commentary

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