AUD/JPY Price Outlook: AUD Susceptible as Equity and Crypto Rout Favors the Yen

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 20%
  • Publisher: 63%

The Japanese Yen is experiencing a momentary lift as risk sentiment aligned with stocks and cryptocurrencies takes a knock. Get your market update from RichardSnowFX here:

United States Headlines News

United States Latest News, United States Headlines

have dropped in sympathy. The Bank of Japan remains resolute on its accommodative monetary policy although warnings of accelerating inflation and deteriorating household income is likely to challenge BoJ officials in the coming months.

The Aussie dollar on the other hand, has dropped massively from the heights reached in April, as the macroeconomic landscape pivots away from strong global demand and strong commodity demand from China in particular. AUD continues to depreciate despite hawkish messaging from Reserve Bank Governor Lowe that multiple rate hikes lie ahead after the 25 basis point hike in early May.

That landscape has changed drastically as Australia’s main trading partner, China re-introduced lockdowns in major cities in an effort to facilitate its zero-covid policy. An unwanted byproduct of the lockdowns is reduced economic activity which also exacerbates the existing supply chain shortages and shipping delays.candlestick pattern, although it is difficult to make a solid case for this as the extended upper wick complicates matters.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 305. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/JPY Forecast: Working Off Froth Against Japanese YenIf the inflationary numbers are hotter than anticipated, the USD will likely strengthen against not only the Japanese yen but probably almost everything during the day.
Source: Daily_Forex - 🏆 567. / 51 Read more »

AUD/JPY tumbles below 90.00 on souring market moodThe AUD/JPY pair has slipped below the two-day low at 89.78 and is expected to extend losses further as negative market sentiment has dented the deman
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/JPY Price Analysis: Pierced the 90.00 mark but consolidates around 90.30s ahead of Australia's dataAUD/JPY Price Analysis: Pierced the 90.00 mark but consolidates around 90.30s ahead of Australia's data By christianborjon AUDJPY Crosses Technical Analysis Sentiment
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/USD Price Analysis: Recovery fades below 0.7000 amid bearish RSI divergenceAUD/USD Price Analysis: Recovery fades below 0.7000 amid bearish RSI divergence By anilpanchal7 AUDUSD Technical Analysis ChartPatterns SwingTrading RelativeStrength
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/USD could sink as far as 0.6760 – WestpacAUD/USD prints lows since June 2020 below 0.69. Economists at Westpac think that the pair could slide as far as 0.6760. Australia’s commodity price ba
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/USD rallies 1% to recapture 0.7000 as USD sags ahead of US inflationAUD/USD is trading above 0.7000, staging an impressive recovery from 22-month lows of 0.6911 reached on Tuesday. In doing so, the aussie is rallying a
Source: FXStreetNews - 🏆 14. / 72 Read more »