Australian Dollar/Japanese Yen (AUD/JPY) Exchange Rate
AUD/JPY Pivot Points
AUD/JPY Latest Updates
Start the week of August 16, 2020 with our Forex forecast focusing on major currency pairs here.
The Aussie dollar has drifted a little bit lower against the Japanese yen during trading on Friday, with what would have been seen as a slight “risk-off trade.”
Australia is heading towards an economic collapse unless the government maintains its present support.
A second Covid-19 infection wave will derail the fragile Australian economy, new research by the Organisation for Economic Co-operation and Development (OECD) revealed.
Australian company pre-tax profits for the first-quarter plunged 16.2% in the first quarter, after a 0.6% contraction in the fourth quarter.
Preliminary Japanese first-quarter GDP data decreased less than forecast but confirmed the economy entered a recession.
Given Australia’s dependence on China, commentary by US President Trump regarding more tariffs added downside pressure on the Australian Dollar,
Australian Prime Minister Morrison and his government is exploring options to pay for the massive stimulus announced in response to the global Covid-19 pandemic.
Australian post-Covid-19 planning for the economy to prepare the country for future crises began.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for Tuesday, March 30, 2020 here.
Australia announced its initial A$17.6 stimulus, an A$90 billion three-year funding facility created by the Reserve Bank of Australia
Friday’s OPEC+ deal collapse sent oil prices tumbling, creating more massive concerns for financial markets than Covid-19 related economic disruptions.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 1, 2020 here.
With Covid-19 cases spreading outside of China, South Korea and Italy have entered crisis mode, safe-haven demand for risk-averse assets
With damages to the global supply chain due to the coronavirus intensifying, financial markets fail to properly price-in the economic damages.
Major Asian markets remain closed for various holidays, draining volume from this morning’s trading session.
A light start into the fresh trading week is likely to see a continuation of risk-on mood across asset classes.
With two days remaining in 2019 and many traders on vacation until next week Monday.
Economic trade data out of Japan confirmed that the global economy continues to weaken, which ushered in the return of risk-off sentiment.
Economic data released out of China showed a contraction in exports, confirming the global economic slowdown is ongoing; the rise in imports suggests a stronger domestic economy.