AUD/JPY is trading towards a break of the 75 level as risk appetite remains elevated.
COVID-19 cases in there US have been sidestepped by investors expecting a continued economic global recovery.
AUD/USD was on the front foot overnight and was lifting the crosses higher with it as US dollar outfl
Australian states NSW and Victoria are reported to be closing their borders as COVID-19 cases mount.
The Sunday Morning Herald summarised the details of the rapid surge in cases and Australia's response as follows:
Victoria recorded 182 new coronavirus cases over the weekend, with just one of thos
AUD/JPY is taking up higher grounds towards a key resistance om the charts.
Risk-off is yet to kick in following negative implications the spread of Covid-19 in Australia.
AUD/JPY has had a mixed start to the week, initially losing its footing on a marginally bid-up yen, then taking off from the
The past few sessions has begun to see a more constructive environment for risk emerging once more. The question is that after weeks of see-sawing sentiment, can this move be sustained? There is still a drip feed of positive economic data for June which has helped to counter the conc
GBP/JPY 4H: Breakout occurs
The British Pound has surged by 222 pips or 1.68% against the Japanese Yen since June 26. The currency pair breached the upper boundary of a descending channel pattern during yesterday's trading session.
Given that a breakout had occurred, bullish traders could continue t
AUDJPY has been confined within a narrow range in recent weeks, between 74.40 and 72.70. Yet, the bigger picture is still bullish as the pair remains above a three-month upside support line and the price structure still consists of higher peaks and higher troughs. What’s more, the 50-day simple movi
AUD/JPY remains bid on upbeat China PMI data.
The NBS manufacturing PMI rose to a three-month high in June.
The pair remains vulnerable to broader market sentiment.
AUD/JPY jumped 10 pips
S&P 500 futures trim losses, helping AUD/JPY regain poise.
Japan's retail sales recorded a double-digit decline in May.
Coronavirus fears will likely cap gains in AUD/JPY.
AUD/JPY has recove
AUD/JPY is forming a defending triangle on the 4H looking to break down It has touched the downwards trend line 3 times and is now looking to break the strong support level and start a strong bearish trend The pair has already broke the upwards trend line and retested it
Weakening fundamental outlook has fueled risk aversion in the month of June
Geopolitical tensions, virus concerns may continue to fuel Japanese Yen strength
AUD/JPY’s downside break of Rising Wedge pattern could signal a further decline in risk assets
Market sentiment soured overnight as investors
AUD/JPY recovers from 73.32, snaps two-day losing streak.
Bearish spinning top, following Doji, portrays the pair’s weakness.
A short-term symmetrical triangle limits the moves above 200-day EMA.
AUD/JPY keeps the pullback moves from 73.32 while taking rounds to 73.56, up 0.07% on a day, amid Thurs