AUD/JPY – massive loser amid Asia risk-off; a busy calendar forward

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AUD/JPY – massive loser amid Asia risk-off; a busy calendar forward

The renewed US-China commerce tensions, escalating Hong Kong protests and poor macro information from main Asia-pac economies


The renewed US-China commerce tensions, escalating Hong Kong protests and poor macro information from main Asia-pac economies as soon as once more induced a risk-off market profile this Thursday. Markets witnessed a shift within the danger sentiment, with the Asian shares and Wall Avenue futures falling again into the crimson zone whereas Treasury yields pared again positive aspects. The flight to security put a contemporary bid beneath the US greenback throughout its principal friends whereas gold costs additionally firmed up barely to commerce above $ 1460 ranges.

Amongst the G10 currencies, the Aussie greenback was the weakest, as an enormous miss on the Australian Oct jobs fanned RBA price minimize bets. Additional, the downbeat Chinese language exercise numbers exacerbated the ache within the Antipodean, knocking-off AUD/USD to month-to-month lows just below the 0.68 deal with. The Kiwi additionally tracked the losses within the Aussie greenback and reversed RBNZ-led rally, with NZD/USD downed to close 0.6385 area. The Japanese yen, however, held the upper floor vs. the buck regardless of poor Japanese Q3 GDP information. The prevalent risk-off sentiment dragged USD/JPY decrease to hit weekly lows close to 108.60. In the meantime, USD/CAD traded with delicate positive aspects simply above the 1.3250 stage, because the resource-linked Loonie appeared to be considerably supported by increased oil costs.

Forward of the European open, the EUR/USD pair stays pressured across the…



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