Shares 129 Views

AUD/JPY snaps 3-day winning streak on weak Aussie data

Consumption as represented by the Aussie retail sales number dropped in December, pushing the AUD/JPY to a session low of 86.10 levels 

The offered tone around AUD gathered pace as the headline retail sales for December dropped 0.1% vs. 0.3% expected. The seasonally adjusted estimate fell 0.1% in December 2016. The 10-year Australian government bond yield dropped more than two basis points following the data release.

Meanwhile, the early losses in the Dollar-Yen ensured the cross was on the back foot before the Aussie data hit the wires.

AUD/JPY Technical Levels

The cross hit a high of 86.49 earlier today before deflating to 86.10 levels. Friday’s high was 86.73. A breakdown of support at 86.08 (5-DMA) would expose 50-DMA at 85.40, under which losses could be extended to 85.00 (zero figure). On the higher side, violation at 86.52 (Feb 2 high) could yield a re-test of 86.73 (Fri’s high). The next major hurdle is seen at 87.09 (Jan 27 high).

You may be interested

Bitcoin Exchange
shares5 views

Coinbase Acquires Decentralized Crypto Trading Platform Paradex

Brian Evans - May 24, 2018

Crypto industry giant Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets. In…

shares16 views

Project Targets Fraud in Advertising With Performance-Driven Smart Contracts for Campaigns

Brian Evans - May 24, 2018

A new smart contract is being created where publishers only get paid for campaigns if they meet targets set by their advertisers #SPONSORED

Blockchain Technology
shares26 views

China Orders Blockchain Expedition In Central Government Note

Brian Evans - May 24, 2018

China's central administrative branch is ordering to speed up blockchain technology development in a highest level government order.

Most from this category

%d bloggers like this: