News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
More View more
Real Time News
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/FMNgFqNlSI
  • Wall Street Futures Update: Dow Jones (+0.21%) S&P 500 (+0.20%) Nasdaq 100 (+0.27%) [delayed] -BBG
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/Dtdi2EWWhw
  • 🇳🇱 GDP Growth Rate YoY Final (Q1) Actual: -2.4% Expected: -2.8% Previous: -2.9% https://www.dailyfx.com/economic-calendar#2021-06-24
  • 🇳🇱 GDP Growth Rate QoQ Final (Q1) Actual: -0.8% Expected: -0.5% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-24
  • 🇳🇱 GDP Growth Rate YoY Final (Q1) Actual: -2.4% Expected: -2.8% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-06-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.87%, while traders in GBP/JPY are at opposite extremes with 74.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cnoTj8ADsn
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/BiGHhuzgWG
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.01% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.03% 🇯🇵JPY: -0.04% 🇨🇭CHF: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CYyKMkrYgv
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Final (Q1) due at 04:30 GMT (15min) Expected: -0.5% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-24
AUD/JPY on Edge: Trade War Fears Swell - Employment Data in Sight

AUD/JPY on Edge: Trade War Fears Swell - Employment Data in Sight

Dimitri Zabelin, Analyst

AUD/JPY TALKING POINTS – TRADE WARS, EMPLOYMENT DATA, RBA

  • AUD/JPY congesting between 79.055-78.691
  • US-China trade relations keeping AUD/JPY tense
  • Australian Dollar eyeing employment change data

See our free guide to learn how to use economic news in your trading strategy!

AUD/JPY has been cautiously trending higher since February 11, but uncertainty over US-China trade relations and cautious comments from the RBA has kept the pair below 79.055. This comes on top of the release of the RBA’s meeting minutes which revealed that the central bank “See[s] no strong case for near-term adjustment in policy’. Consequently, AUD/JPY dipped.

AUD/JPY – 15-Minute Chart

Chart Showing AUD/JPY

The RBA’s neutral – to arguably now more dovish – disposition is not difficult to understand. Economic news flow out of Australia has been underperforming relative to economists’ expectations since early December according to the Citi Economic Surprise Index. This comes as China – Australia’s biggest trading partner – slows down and shows increasingly vulnerability, particularly in the private sector.

Chart Shwoing Australia's Economy

Australian Dollar traders this week will likely be eyeing the upcoming employment data scheduled to be released on Thursday at 00:30 GMT. If data disappointments, it could tip the scales in favor of the RBA undertaking a more dovish-leaning approach to policy. In this outcome, AUD would likely fall alongside bond yields.

Leading up to the release of the data, AUD/JPY may cautiously move within spitting distance on either side of 78.691. If employment numbers disappoint, the pair might look to test a possible support at 78.217. If the numbers come in better-than-expected, the pair might flirt with 79.055. However, any substantial upward moves are not anticipated, considering the fundamental outlook appears to be working against the cycle-sensitive Aussie.

AUD/JPY – Four Hour Chart

Chart Showing AUD/JPY

AUD/JPY TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES