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Market Mood AUDJPY 04.02.20

Market Mood AUDJPY 04.02.20

Market Mood AUDJPY 04.02.20

in Daily Forecasts

Listen to the market mood for the AUDJPY currency pair in the coming session:

Weak JPY
We are expecting the JPY to be weaker today on improved risk sentiment following strong US manufacturing data yesterday and recovery in Wall St. as the S&P 500 closed up +0.73% and the Dow up +0.51%.

Strong AUD
We are expecting AUD strength today after the RBA remained on hold at their rate meeting last night and risk-on tones support the antipodean currencies.

Expectations
Expect AUDJPY buyers on a deeper pullback.

Risks to this outlook
If we see a fall in equities on coronavirus fears then AUDJPY will find sellers and invalidate this outlook, so keep a close eye on risk sentiment which is vulnerable to large swings at the moment.


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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.

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