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Trading news
17 Apr 2015
AUD/JPY resting sub of April highs; neutral/bullish bias
FXStreet (Guatemala) - AUD/JPY is currently trading at 92.66 with a high of 92.95 and a low of 92.58.
AUD/JPY is consolidated on Friday Asia as we step back and digest that volatility in the FX space, or rather, of one direction in the greenback - south. The US dollar has been shunned this week on prospects fading for a hike as early as June with a number negative factors impact the value of the worlds largest economy.
It is apparent that its recent strength has started to take its toll and the economy and the Yen and Aussie have benefitted. However, in its own right, the Aussie got a a bit of a boost from the better than expected jobs numbers this week, although Kit Juckes, chief currency strategist at Societe Generale suggested the lack of AUD bounce speaks to a market that hasn't cut back bets on an RBA move. Meanwhile, USD/JPY has been back below the 119 handle and is currently basing here in to the closing day for the week.
AUD/JPY is consolidated on Friday Asia as we step back and digest that volatility in the FX space, or rather, of one direction in the greenback - south. The US dollar has been shunned this week on prospects fading for a hike as early as June with a number negative factors impact the value of the worlds largest economy.
It is apparent that its recent strength has started to take its toll and the economy and the Yen and Aussie have benefitted. However, in its own right, the Aussie got a a bit of a boost from the better than expected jobs numbers this week, although Kit Juckes, chief currency strategist at Societe Generale suggested the lack of AUD bounce speaks to a market that hasn't cut back bets on an RBA move. Meanwhile, USD/JPY has been back below the 119 handle and is currently basing here in to the closing day for the week.