Listen to the market mood for the AUDJPY and NZDJPY currency pairs in the coming session:
Weak AUD, NZD
The AUD is weak today alongside the NZD as a high-beta currency.
Strong JPY, CHF
The JPY and CHF remain strong today on risk-off tones due to increased coronavirus fears with a confirmed death toll of 100.
Although the AUD and NZD are off their lowest levels I am still expecting AUDJPY, NZDJPY sellers on pullbacks.
Risks to this outlook
Any improvements in the coronavirus containment or news of a successful vaccine. Look at the equity markets to give an indication of risk.