AUD - BEARISH
1️⃣ Reserve Bank warned that the Australian economy faces a "gradual and uneven" recovery out of the coronavirus recession, signaling it may buy more government debt to drive interest rates lower and may not move for at least three years.
2️⃣ Renewed concerns over worsening diplomatic tensions between the world's two largest economies weighed on investors' sentiment and dented appetite for risker assets.
3️⃣ Reserve Bank of Australia's Deputy Governor, Guy Debelle, noted that a lower exchange rate for the AUD would be beneficial for the Australian economy said foreign exchange intervention was a policy option.
JPY - BULLISH
1️⃣ Investors remained cautious on delays in expanded US stimulus and concerns about fresh social distancing restrictions in Europe.
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TECHNICAL
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- We are looking to short AUDJPY on SBR level on H1 chart.
- AUDJPY in bearish zone.
1️⃣ Reserve Bank warned that the Australian economy faces a "gradual and uneven" recovery out of the coronavirus recession, signaling it may buy more government debt to drive interest rates lower and may not move for at least three years.
2️⃣ Renewed concerns over worsening diplomatic tensions between the world's two largest economies weighed on investors' sentiment and dented appetite for risker assets.
3️⃣ Reserve Bank of Australia's Deputy Governor, Guy Debelle, noted that a lower exchange rate for the AUD would be beneficial for the Australian economy said foreign exchange intervention was a policy option.
JPY - BULLISH
1️⃣ Investors remained cautious on delays in expanded US stimulus and concerns about fresh social distancing restrictions in Europe.
=====
TECHNICAL
=====
- We are looking to short AUDJPY on SBR level on H1 chart.
- AUDJPY in bearish zone.
Trade closed: target reached