Shares 105 Views

AUD/JPY on a steady recovery path from 20-DMA

Having witnessed a sharp sell-off at Tokyo-open, the AUD/JPY cross takes on a gradual recovery back towards 5-DMA barrier located at 86.31.

AUD/JPY: Risk-on back in vogue?

The AUD/JPY pair drops -0.17% to 86.27, reversing from session lows struck at 86.09 in early Asia. A recovery in risk sentiment across the board lifts the USD/JPY pair back above 112.50 level, in turn aiding the recovery in the cross. The US treasury yields are seen paring losses, while the Japanese equities have regained the bids.

However, the recovery may lack follow-through amid losses in AUD/USD, in light of the Australian retail sales miss as well as disappointing China services PMI. AUD/USD: Downside opening up towards 0.7600?

Technical Levels

Higher side: 86.41 (daily pivot), 87 (round figure)

Lower side: 86.12/09 (20-DMA/ daily low), 85.60 (50-DMA)

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares31 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: