AUDJPY Breakdown (11 May 2020)

Title : AUDJPY Breakdown (May 11, 2020)

Broker : Tickmill

Description : AUDJPY Daily Outlook – Last week, the U.S. dollar ended the week mixed but net negative in a week filled with lots of Fed speak and historically bad U.S. economic updates. But the talks of opening the economy back up had traders more risk-friendly as they dumped the USD towards the weekend. The British pound, on the other hand, was a big net loser especially the beginning of the wee thanks to both no-deal Brexit fears and disastrous U.K. economic updates. This week we’ll be focusing on New Zealand’s interest rate decision and Australia’s jobs report among other key economic data and the Coronavirus updates.

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