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May 05 - 10:55 AM

AUD/USD: Trade The Range; USD/JPY: We Currently Have No Strong View On JPY - ANZ

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


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