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Market Mood AUDJPY 19.05.20

Market Mood AUDJPY 19.05.20

Market Mood AUDJPY 19.05.20

in Daily Forecasts

Listen to the latest market mood for the AUDJPY pair.

Weak
The JPY is weak today on the positive risk tones we are seeing in the market over hopes of a COVID19 vaccine from the company Moderna. This has positively boosted equities and if that sentiment lasts today we would expect that to weaken the JPY, CHF, and the USD.

Strong
The AUD is strong today after RBA minutes released last night agreed that the latest policy was broadly working as expected and that it would be monitoring outcomes carefully. The AUD also benefits from the positive risk sentiment from the vaccine hopes. As a high beta currency, it finds buyers in a risk positive environment.

  • Therefore expect AUDJPY buyers from pullbacks.
  • This outlook is to last for the next 8-12 hours.

Trade Risks to this outlook:

  • Further US/China trade war tensions will impact risk and result in more AUD weakness and JPY strength.
  • Any negative COVID19 vaccine news will impact risk and invalidate this outlook.

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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.

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