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25 Apr 2016
AUD/JPY: bullish on negative yen fundamentals
AUD/JPY has dropped the 86.0 handle to start the week with the Yen catching a profit taking bid earlier today after a poor run at the end of last week with USD/JPY rallying from 110.26 to a handful of pips shy of the 112 handle following BOJ's announcement that policy makers have been discussing negative-rate loans for financial institutions as well as another rate cut.
Kuroda needs to do more to see yen fall further - FXStreet
Yen: USD technical tone improved, target 112.30 - BBH
The cross managed to rise on the yen weakness, despite the Aussie dropping back from 0.7769 below the 0.77 handle at 0.7695. The moves represent a large turnaround from data reported by the International Monetary Market.
Leveraged funds' AUD longs rise, JPY longs reduced - Nomura
Risk was back on yet stocks were mixed to close last week. Today is quiet with Australia and New Zealand out and we await the Tokyo open for a feel of the market's risk appetite for the day ahead and subsequent and potential flight plan for the Yen and the cross ahead of what should be a busier week ahead with plenty of catalysts from the U.S. along with both the Aussie and Japan CPI and the BoJ towards the end of the week, (Trading the yen around the BOJ - Nomura).
Preview of the week ahead in the U.S. - Nomura
AUD/JPY levels
AUD/JPY is above the short-term 1 hr moving averages with the 200 sma at 84.52, below S3 at 84.99, S2 at 85.21 and S1 at 85.42. The pivot is located at 85.75. A continuation to the upside will bring in the classic R1 at 86.85, R2 at 87.49 and R3 at 88.59.
Kuroda needs to do more to see yen fall further - FXStreet
Yen: USD technical tone improved, target 112.30 - BBH
The cross managed to rise on the yen weakness, despite the Aussie dropping back from 0.7769 below the 0.77 handle at 0.7695. The moves represent a large turnaround from data reported by the International Monetary Market.
Leveraged funds' AUD longs rise, JPY longs reduced - Nomura
Risk was back on yet stocks were mixed to close last week. Today is quiet with Australia and New Zealand out and we await the Tokyo open for a feel of the market's risk appetite for the day ahead and subsequent and potential flight plan for the Yen and the cross ahead of what should be a busier week ahead with plenty of catalysts from the U.S. along with both the Aussie and Japan CPI and the BoJ towards the end of the week, (Trading the yen around the BOJ - Nomura).
Preview of the week ahead in the U.S. - Nomura
AUD/JPY levels
AUD/JPY is above the short-term 1 hr moving averages with the 200 sma at 84.52, below S3 at 84.99, S2 at 85.21 and S1 at 85.42. The pivot is located at 85.75. A continuation to the upside will bring in the classic R1 at 86.85, R2 at 87.49 and R3 at 88.59.