Listen to the latest market mood for the AUDJPY pair.
Asian equity markets traded mainly down overnight and European equity futures are pointing to further losses at the European Open. Estimates for a sharp contraction from France are helping to add to this morning’s risk off tone.
As long as equity markets remain pressured through the day expect the JPY to be strong.
Expect the AUD to remain sold on risk off tones which drag down the commodity based currencies like the NZD, AUD and the CAD.
- Expect sellers on AUDJPY strength
- We expect this outlook to play out today.
- The main risk to this set up remains to be any positive coronavirus news which would send the market back into a risk one mood and weaken JPY and strengthen AUD.