Listen to the market mood for the AUDJPY currency pair in the coming session.
The JPY is strong as sentiment was hit last night after Apple issued a profit warning due to the coronavirus fears and the company does not expect to meet its revenue guidance for Q1.
The AUD is weak as the RBA minutes from last night showed that Governor Lowe emphasized the risks to the Australian economy from the coronavirus. The AUD is also weak on the risk-off sentiment which results in AUD selling.
Therefore, expect AUDJPY sellers today.
Risks to this outlook
Any positive coronavirus news, such as a vaccine breakthrough.