AUD/JPY refreshes daily low near 79.00 ahead of BOJ


  • AUD/JPY pauses downfall on Wednesday following the previous two session’s sell-off.
  • RBA Deputy Governor Debelle's speech, BOJ rate decision key for the day.
  • Yen gains amid risk-off sentiment on its safe-haven appeal.

AUD/JPY refreshes daily lows in Wednesday’s Asian session. The pair retreated toward 79.00 levels as fears persisted over China’s Evergrnade default risk despite assurance from the International Monetary Fund (IMF).

As of writing, the AUD/JPY is trading at 79.02, up 0.02% for the day.

The pair extended its decline following the Reserve Bank of Australia’s (RBA) September Minutes of Meeting. The Central bank said the outbreak of the Delta variant had distracted the economic recovery more than estimated in the earlier month. RBA Governor Philip Lowe downplayed higher interest rate expectations before 2024.

In addition to that, New South Wales recorded 1,022 fresh new cases on Tuesday along with resurgence of coronavirus infections in Victoria. Meanwhile, construction sites in Melbourne remained closed for two weeks after a violent anti-vaccine protest in the city.

RBA Deputy Governor Guy Debelle offered nothing new on the monetary policy stance while addressing China’s  property giant Evergrande issue.

Furthermore, Australia’s Westpac leading indicator declined 0.30% in August on a yearly basis, which kept the pressure on the aussie.

It is worth noting that S&P 500 futures are trading at 4,328, down 0.35% for the day.

The Japanese yen gains on risk aversion among investors despite the comments from the IMF on China. IMF Chief Economist Gita Gopinath said China has tools and policy space to prevent Evergrande situation from turning into a systemic crisis.

As for now, traders turn their attention to the Bank of Japan (BOJ) interest rate decision and US FOMC meeting to gauge the market sentiment.

AUD/JPY additional levels

AUD/JPY

Overview
Today last price 79.00
Today Daily Change 0.00
Today Daily Change % 0.00
Today daily open 79
 
Trends
Daily SMA20 80.55
Daily SMA50 80.6
Daily SMA100 82.36
Daily SMA200 82.2
 
Levels
Previous Daily High 79.83
Previous Daily Low 78.86
Previous Weekly High 81.15
Previous Weekly Low 79.75
Previous Monthly High 81.58
Previous Monthly Low 77.9
Daily Fibonacci 38.2% 79.23
Daily Fibonacci 61.8% 79.46
Daily Pivot Point S1 78.63
Daily Pivot Point S2 78.26
Daily Pivot Point S3 77.65
Daily Pivot Point R1 79.6
Daily Pivot Point R2 80.2
Daily Pivot Point R3 80.57

 


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD reclaims 1.1600 amid risk-on market sentiment

The EUR/USD advances during the New York session, up 0.07%. During the session, market sentiment conditions improved despite a weaker than expected third-quarter GDP print out of China, rising inflationary pressures, and central bank tightening monetary conditions expectations. 

EUR/USD News

GBP/USD holds above 1.3700 supported by BoE rate hike bets

GBP/USD started the new week on the back foot and declined toward 1.3700 before staging a rebound. Ahead of Wednesday's UK inflation report, money markets are pricing in an 89% chance of a 25 basis points rate hike in November.

GBP/USD News

Gold steady around $1,760, as US T-bond yields cling to 1.60%

As the Asian session kicks in, Gold  is losing 0.09%, trading at $1,763.42 at the time of writing. Meanwhile, the greenback, which finished in the green in the New York session, reversed its previous path, slides 0.03%, is trading at 93.957.

Gold News

Dogecoin price attempts breakout while DOGE bulls eye $0.37

Dogecoin price has gained as much as 15% during the Monday sessions, outperforming nearly all significant cryptocurrencies. Roughly half of that gain has been retraced, but buyers show resilience in maintaining a stable trading range near the $0.25 value area.

Read more

Netflix Stock Price and Forecast: When are NFLX earnings?

Netflix stock falls nearly 1% on Friday ahead of earnings. NFLX releases earnings on Tuesday, October 19, after the close. Netflix stock has been boosted by the success of Squid Game.

Read more

Forex MAJORS

Cryptocurrencies

Signatures