The AUD/JPY is trading near two-week highs around 94.66. Risk appetite is mixed, as shown by Wall Street, finishing mixed. In the short-term, the AUD/JPY could test 95.00; otherwise, a fall towards the 100-EMA is on the cards. The AUD/JPY snaps two days of losses and advances after Wall Street closed mixed as investors’ upbeat… Read More »
AUD/JPY reverses the previous day’s gains amid cautious optimism, downbeat Aussie data. Australia Consumer Inflation Expectations eased to 5.9% from 6.3% in August. US tariff chatters, covid fears in China test buyers despite US inflation-led market optimism. Yields, risk catalysts are important for clear directions amid a light calendar. AUD/JPY holds lower grounds near the… Read More »
AUD/JPY has been seesawing within a 60-pip trading range for the last couple of days. The AUD/JPY daily chart is neutral, while the hourly time-frame further cements the case for consolidation. The AUD/JPY finished Wednesday’s session almost flat, forming a quasi dragonfly-doji, meaning that neither buyers/sellers dominated the trading session amidst a risk-on impulse. Factors… Read More »
AUD/JPY fades bounce off intraday low after softer-than-expected China data. China CPI, PPI dropped below market forecasts in July, Japan PPI improved on YoY. Sluggish yields, cautious mood act as extra barriers to trading. US inflation data will be important for market players amid talks of the Fed’s aggression, economic slowdown. AUD/JPY pays a little… Read More »
The AUD/JPY advanced on Tuesday, despite a pessimistic market sentiment. From a daily chart perspective, the AUD/JPY is neutral biased, in a narrow range. AUD/JPY Price Analysis: Favors bulls above 94.40; otherwise, a break below 93.90 keeps bears in charge. The AUD/JPY edges lower as the Asian Pacific session begins, spurred by a risk-off impulse… Read More »
A symmetrical triangle formation after a juggernaut rally hints continuation of an upside. Overlapping 50-EMA and asset’s price indicates short-term consolidation ahead. Aussie bulls will recapture a seven-year high at 96.88 on triangle breakout. The AUD/JPY pair has picked bids around 94.20 after a soft decline from 94.37 in the early Asian session. Broadly, the… Read More »
An establishment above 38.2% Fibo retracement adds to the upside filters. Momentum oscillator RSI (14) is favoring a consolidation ahead. The risk barometer could tumble to 90.00 if drops below the 23.6% Fibo retracement. The AUD/JPY pair is displaying back and forth moves in a 30-pips range after a vertical upside move from a low… Read More »
