Fear gauge, AUD/JPY, attempts a recovery amid trade woes, weaker Yuan. A shift in the risk sentiment helps the cross to stage a comeback. Focus trade developments and risk trends for fresh impetus. The AUD/JPY pair is seen staging a comeback from a drop to 71.25 levels amid a sudden turnaround in the risk sentiment, as the European equities turn positive. However, the rebound lacks follow-through as the Treasury yields continue to bleed, implying that the US-China trade tensions continue to loom. China’s consumption boost offers support Over the last hour, the cross reversed course and resumed Monday’s upbeat momentum, after the risk sentiment got a bit of a lift from China’s State Council’s plan to boost the consumption, in the face of mounting trade risks on the economic growth. China is considering relaxing and withdrawing certain restrictions on auto purchases as well as actively support new-energy vehicle purchases while encouraging credit support for purchases of new energy vehicles and smart home appliances. Despite the latest leg up, the risk barometer, AUD/JPY remains under pressure, as the doubts over the US-China reconciliation on trade continue to keep the trade war fears alive. Beijing casts doubt on state of trade talks after Trump says it wanted a deal – SCMP Further, the latest positive developments on the US-Japan trade front adds to the bullish tone seen around the Japanese currency, keeping the bearish bias intact. Meanwhile, the Aussie remains pressured by the recent dovish comments from the Reserve Bank of Australia’s (RBA) Deputy Governor Debelle, as he said that he left doors open for unconventional monetary policy options, if the rates fall to around 0.5%. All eyes now remain on fresh US-China trade-related headlines and the sentiment on the Wall Street for the next direction. Also, the US CB Consumer Confidence gauge and Australian Construction Output data will be closely eyed. AUD/JPY Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Pound looking perky as opposition begins uniting Yohay Elam 4 years Fear gauge, AUD/JPY, attempts a recovery amid trade woes, weaker Yuan. A shift in the risk sentiment helps the cross to stage a comeback. Focus trade developments and risk trends for fresh impetus. The AUD/JPY pair is seen staging a comeback from a drop to 71.25 levels amid a sudden turnaround in the risk sentiment, as the European equities turn positive. However, the rebound lacks follow-through as the Treasury yields continue to bleed, implying that the US-China trade tensions continue to loom. China's consumption boost offers support Over the last hour, the cross reversed course and resumed Monday's upbeat momentum,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
