Shares 125 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

shares24 views

JPMorgan Chase Scores Another Bitcoin Technology Patent

Brian Evans - Jul 22, 2018

Banks have shown a keen interest in Bitcoin technology over the years. Various patents have been filed by these financial institutions to explore new potential business use…

shares23 views

Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Brian Evans - Jul 22, 2018

Crypto markets seeing mostly green today, with total market cap up over 2% and Bitcoin pushing $7,500

Bitcoin Progress
shares31 views

Bitcoin Makes Major Headway: CFA Exam Will Now Include Crypto Topics

Brian Evans - Jul 22, 2018

Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered…

Most from this category

shares26 views
shares26 views
%d bloggers like this: