ay’s Asian Pacific session begins, the AUD/JPY is trading at 91.83, shy of the 92.00 mark at the time of writing.finished with an upbeat tone, lifted by the Nasdaq Composite. Asian futures point to a lower open, weighed by China’s coronavirus outbreak issues as fears of wider curbs in Beijing alarms market players, already fretting about a global economic slowdown.
On Monday’s session, the AUD/JPY opened near last Friday’s lows and, without issuing any warning, extended its falls which accelerated as the Europan/North American sessions overlapped, reaching a daily low at 91.11. However, the shift in market mood on Wall Street lifted the AUD/JPY shy of the 92.00 area.The AUD/JPY daily chart depicts the pair as upward biased despite the recent fall. However, once AUD/JPY bears broke below 92.
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Source: FXStreetNews - 🏆 14. / 72 Read more »