Tag Archives: AUD/JPY
Daily FX Technical Strategy: Spring cleaning
As the end of the first quarter looms large, we continue to see background evidence of profit taking across asset classes. At the end of a busy week we are looking for more signs to post today. The AUD looks most vulnerable to recent commodity price weakness with AUD/JPY looking almost certain to post a […]
Daily FX Technical Strategy: Pullback within greater trends
The bearish breakout in German 10y yields is helping to support the EUR. In particular, both the EUR/AUD and EUR/AUD crosses are staging near-term bounces as profit taking leads them toward the January highs.
AUD ANALYSIS
Opened in Asia at $1.0378 after highs in NY of $1.0387 as the pair led yesterday’s risk rally following strong Chinese PMI data which led equities higher, supporting Gold and Silver, with Crude Oil also making solid gains on the back of further sabre rattling in the Gulf.
JPY ANALYSIS
Opened in Asia at Y76.73 and edged up to Y76.82 in early trade before EUR/JPY and USD sales from real money names combined to push the pair down to Y76.62. EUR/USD failed to maintain a foothold above the Y100 level falling to Y99.84 from Y100.25.
FX Strategist – Weekly Update: revisiting the yen – please recycle
With most currency pairs in limbo awaiting the results of the weekend summit in Europe, we turn our attention to the JPY, which has been somewhat sidelined in recent weeks.
OVN FX WRAP
Day with Japanese targeting AUDJPY stops, and the risk selling continued all day. AUD the massive mover overnight falling from 1.0180 to our current low of .9927. Asian Equities trashed with KOSPI down 9.3% at one point (down 8% currently) and US equity futures down 2.5 to 3%. China CPI at 6.5% (6.4 expected) didn’t […]
Technical Analysis: Technical Alert
USD strength – EUR weakness still in progress even though EUR/USD might consolidate some having arrived at important support levels. AUD bearish price action last week as well as AUDJPY.
FX DAILY STRATEGIST: Europe – 09 June 2011
Trichet’s message key for euro Wednesday, but we look to fade any knee jerk rally on ‘vigilant’. Last Friday’s Greek-deal optimism looking like a distant memory – we still favour EURCHF shorts With risk pressured, yen crosses – AUDJPY in particular – remain vulnerable.
Technical Analysis: Technical Alert.
EUR is losing a bit of its recent strength however so far seen as a temporary setback. EUR/USD likely to head for 1.4420/4500, EUR/GBP 0.8830ish, AUD/JPY closed below its bear triangle and the AUD is expected to give up more gains,