Open an Account
Open an Account

Market Mood AUDJPY 02.06.20

Market Mood AUDJPY 02.06.20

Market Mood AUDJPY 02.06.20

in Daily Forecasts

Listen to the latest market mood for the AUDJPY pair.

Strong AUD, Weak JPY

The outlook for the AUD today is stronger after risk on relief remains after President Trump did not make any adjustments to the US-China trade deal. Wall St traded positively overnight and the Asian session traded higher overnight too. This risk-on move has supported the high beta AUD. Furthermore, the Reserve Bank of Australia kept rates unchanged and maintained the 3 yr bond yield target at 0.25%. It was an uneventful rate decision meeting. These risk on tones once again favoured JPY sellers which weakens in this environment. Therefore we expect AUDJPY buyers at pullbacks today.

We expect this outlook to play out over the next 10-12 hours.

Trade Risks

  • Any negative US-China trade disputes news could invalidate this outlook and weaken the AUD.
  • Any further US-China trade action. If President Trump takes actions against China in their trade dispute then AUD can fall.
  • Any serious worsening of the US riots could start to hinder the risk tone and result in AUDJPY weakness.

Latest Posts

04/10/2021
USDJPY upside potential
22/05/2020
Market Mood AUDJPY 22.05.20
10/05/2021
EURUSD buyers as a terrible US jobs reports justify Fed’s bearish stance
03/02/2021
Silver expecting dip buyers

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.

Legal Forms & Documents      |      Risk Warnings      |      Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of HYCM Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and HYCM Capital Markets (DIFC) Limited for which the HYCM Capital Markets group is holding company and its assets are a controlling equity interest in them.​

High-Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

*Cryptocurrencies are not available for trading under HYCM (Europe) Limited and HYCM Capital Markets (UK) Limited (retail clients only).

*Other fees may apply, such as withdrawal fees, dormant account fees, swaps, and spreads.

*Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

Copyright © 2023 HYCM

Legal Forms & Documents

Risk Warnings

Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

Copyright © 2023 HYCM