Latest news with #AUDJPY
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Yen Weakens Slightly Amid Trade-Deal Hopes
0058 GMT — The yen weakens slightly against most other G-10 and Asian currencies amid trade-deal hopes. President Trump said late last week that a deal had been signed with China. Commerce Secretary Lutnick and Treasury Secretary Bessent said that the U.S. was closing in numerous other trade deals. 'Any news of trade agreements being reached can buoy risk sentiment,' four members of CBA's Global Economic & Markets Research say in a note. Such news could 'decisively push AUD/JPY above strong resistance at 95.00,' they add. USD/JPY edges 0.1% higher to 144.61 and EUR/JPY is up 0.1% at 169.48, while AUD/JPY is steady at 94.48, FactSet data show. (
Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
Yen Strengthens Slightly; Focus Likely on 40-Year JGB Auction
0057 GMT — The yen strengthens slightly against most other G-10 and Asian currencies in the early Asian session. 'Market participants will closely watch the 40-year JGB auction today,' CBA's Carol Kong says in a research report. 'A weak sale can trigger another selloff in JGBs, weighing on AUD/JPY and USD/JPY,' the economist and currency strategist says. The movements in superlong JGBs have attracted much market attention lately, Kong adds. USD/JPY falls 0.3% to 143.96; AUD/JPY edges 0.1% lower to 92.88; EUR/JPY is down 0.2% at 163.24. (
Globe and Mail
14-02-2025
- Business
- Globe and Mail
AUDJPY Is Recovering After The Wedge Pattern
AUDJPY pair is sharply and impulsively recovering after we spotted the wedge pattern, so it's now rising in minimum three waves A/1-B/2-C/3 that can retrace the price back to the starting point of the wedge pattern and back to 99-100 area, especially if we consider an unfilled GAP at 98.35 level. Currently we can see it making a five-wave impulse into wave A/1, so after corrective pullback in wave B/2, be aware of a bigger rally within wave C or maybe even wave 3 if goes decisively above 100 area. The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a 'calming' of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5. The reason why they are so interesting is because they are indicating a reversal, usually a strong one, which can retrace the price back to the starting point of the pattern.
