Blue graph model of stock performance
Markets

Aussie$ also feeing the yen grab backlash

The rush for safe-haven yen demand is having impact across the board

It's not just the pound that's feeling the equity and oil fall out this morning.

On a day when large option expiries are in play we're seeing AUDUSD back in retreat as AUDJPY gets slapped lower.

We've seen the pair back down to 82.60 just off Asian lows in a decent decline from 83.50 highs. That's pulled AUDUSD back through 0.7700 to test support into 0.7680-85 again.

Meanwhile cable is still on the back foot and now testing 1.4450 support/demand as EURGBP chews up through decent offers into 0.7725 to post 0.7728. GBPJPY also a prime mover and now sitting on session lows at 168.62.

Support on that pair around 168.50 from 26 Jan lows, so combined with bids on cable we may see another base in the short term. Worth taking some intra-day profit down here anyway or at least lower any trailing stop IMHO. Keep core GBP shorts and add again on any rallies still.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos