Threat aversion has dragged AUD/JPY to a key short-term assist stage.
Will we see a bounce as we speak?
Earlier than transferring on, ICYMI, yesterday’s watchlist checked out EUR/JPY breaking above a longtime resistance. Remember to take a look at if it’s nonetheless a sound play!
And now for the headlines that rocked the markets within the final buying and selling periods:
Recent Market Headlines & Financial Knowledge:
Putin proclaims particular army operations to “demilitarize and denazify Ukraine”
Ukraine calls up reservists, declares nationwide emergency as U.S. and allies hit Russia with new sanctions
Australia’s non-public capital expenditure grew by 1.1% vs. 2.6% anticipated in This autumn 2021
U.S., Australia, Japan contemplating the discharge of oil reserves if Ukraine assaults hit world provides
Asian markets, European futures down on Ukraine invasion
Comdolls and BTC decrease whereas oil, gold and safe-havens commerce increased on danger aversion buying and selling
U.S. preliminary GDP at 1:30 pm GMT
U.S. preliminary jobless claims at 1:30 pm GMT
U.S. new house gross sales at 3:00 pm GMT
U.S. EIA crude oil inventories at 4:00 pm GMT
New Zealand’s quarterly retail gross sales at 9:45 pm GMT
New Zealand’s commerce stability at 9:45 pm GMT
Use our new Foreign money Warmth Map to shortly see a visible overview of the foreign exchange market’s value motion! 🔥 🗺️
What to Watch: AUD/JPY
AUD/JPY 1-hour Foreign exchange Chart
Any financial knowledge launch within the final buying and selling periods was eclipsed by speculations after which affirmation of Russia invading Ukraine.
In case you missed it, Putin has introduced Russia’s “particular army operations” past the separatist Donbas area. Putin says he solely needs to “demilitarize and denazify” and has no intention of invading Ukraine however the U.S., EU, NATO, and different world leaders be like “Nah man, appears fairly invasion-y from right here.”
Excessive-yielding bets just like the Aussie have unsurprisingly misplaced worth towards safe-havens just like the yen. AUD/JPY has dropped by 100 pips or so earlier than discovering assist on the 82.25 ranges.
Take word that 82.25 strains up with a variety assist stage that AUD/JPY bulls and bears have been minding for all of February. Now that Stochastic can also be displaying an oversold sign, you’ll be able to wager pips that at the very least some bulls are taking discover.
Bullish momentum above the present ranges may encourage a visit to the 82.75 mid-range ranges. It may even return to the 83.00 – 83.25 vary resistance zone if we see some type of risk-taking or profit-taking from as we speak’s strikes.
If we do see extra danger aversion, or if U.S. session merchants atone for all of the yen-buying, then AUD/JPY may break its vary assist and head for earlier areas of curiosity like 81.90 or 81.60.
