By eFXdata — May 05 - 09:30 AM
ANZ Research summarizes its trading bias on AUD/USD and USD/JPY.
"The AUD remains in a tight trading range between 0.66 and0.68. We prefer to buy the bottom and sell the top of this range," ANZ notes.
"We have no strong view on the JPY, although a rebound in the DXY may drive some USD/JPY strength, especially if US yields rise," ANZ adds.
ANZ Research/Market Commentary