30 Jan 2014
AUD/JPY sees choppy trading reflecting global risk sentiment
FXstreet.com (London) - AUD/JPY has seen some choppy trading reflecting global risk sentiment. The pair came under heavy pressure yesterday as fears over EM contagion continued, despite rate hikes from the Turkish central bank and the South African Reserve Bank.
Delayed reaction to Fed taper
Reaction to the Fed’s move to continue its QE tapering as planned was muted yesterday, with markets continuing in a broad risk-off trend despite the implicit bullish forecast for the US economy.
AUD saw a continuation of yesterday’s selling before some recovery in the latter part of the overnight session.
AUD/JPY is currently trading at JPY89.36, up 0.14 percent. The pair hit a low of JPY89.0223 and currently trading near session highs of JPY89.5404.
Delayed reaction to Fed taper
Reaction to the Fed’s move to continue its QE tapering as planned was muted yesterday, with markets continuing in a broad risk-off trend despite the implicit bullish forecast for the US economy.
AUD saw a continuation of yesterday’s selling before some recovery in the latter part of the overnight session.
AUD/JPY is currently trading at JPY89.36, up 0.14 percent. The pair hit a low of JPY89.0223 and currently trading near session highs of JPY89.5404.