Back

AUD/JPY pricing in a floor ahead of Aussie unemployment

  • Aussie finds some bidders in quiet Asia markets with Tokyo closed.
  • Aussie Unemployment heading down the pipe for Wednesday.

The AUD/JPY Is trying to find some upward momentum in quiet Asia markets, currently receding after pushing into the 82.00 handle. Japanese markets are shuttered today in observance of Vernal Equinox Day, so market volumes are thin. 

The Aussie has been struggling to develop any real momentum after catching a bounce from the new low at 81.25. Economic activity within Australia is picking up, but growth continues to miss expectations and the Reserve Bank of Australia (RBA) is expected to stand pat on interest rates well into 2019. The Japanese Yen has been gaining strength thanks to massive swings in risk aversion lately, and the market is coiling ahead of the US Fed's rate increase coming later today at 18:00 GMT.

The Aussie Unemployment Rate is due to drop at 20:00 GMT today, and market forecasts are calling for a 5.5% reading, holding steady with the previous reading of 5.5%. Aussie employment figures have been a positive spot lately, though suffocated wage growth is hobbling positive reactions to macro figures for Australia.

AUD/JPY Levels to consider

 The Aussie is failing to make a steady move against the Yen, and support is currently sitting at Tuesday's swing low of 81.70 with further support from the fresh bottom at 81.25, while resistance rests at the 82.00 major handle and yesterday's high of 82.20.

FOMC Preview: Rate hike very likely, median dot to show 4 hikes in 2018 – Goldman Sachs

Goldman Sachs’ analysts are out with their expectations on today’s FOMC monetary policy outcome due at 1800 GMT, with the new Fed Chair Powell set to
আরও পড়ুন Previous

UK’s Fox: UK and Hong Kong looking to reduce barriers to trade

The UK Trade Secretary Liam Fox was on the wires last hour, via Livesquawk, speaking in Hong Kong (HK) on the UK-Hong Kong trade relationship. Key Po
আরও পড়ুন Next