Aussie free-falling as markets pile into safe-havens on renewed trade fears. Tariff angst is ramping up as the US prepares to announce more tariffs on Chinese goods. The AUD/JPY is falling back amidst a resurgence in trade war fears following headlines that the US is likely to be announcing further tariffs on Chinese goods. The news, originally broken by Bloomberg citing anonymous sources, stated that the US is seeking further tariffs on $200 billion USD of Chinese imports, and the new tariff list is expected to be announced Tuesday evening US time. The caveat that the tariffs won’t come into effect until after the usual public commenting period followed closely behind, but broader markets are dropping risk appetite and piling into safe-haven assets like the Japanese Yen. The Aussie, which sees the Westpac Consumer Confidence Survey at 00:30 GMT (last 0.3%) and Home Loans figures (forecast -1.9%, last -1.4%), is already rapidly losing ground against the JPY, which will be seeing Machinery Orders (forecast -5.5%, last 10.1%) late Tuesday at 23:50 GMT, and risk aversion is only going to be swinging further into the red. AUD/JPY Technical Analysis The Aussie was only able to briefly mount the 83.00 major level against the JPY, and trade fears are knocking the AUD back into bearish territory for Wednesday. Spot rate: 82.27 Relative change: -0.45% High: 82.66 Low: 82.25 Trend: Sharply bearish Support 1: 81.98 (61.8% Fibo retracement level) Support 2: 81.26 (July 5th swing low) Support 3: 80.97 (previous week low) Resistance 1: 82.66 (current day high) Resistance 2: 83.15 (current week high) Resistance 3: 84.00 (major technical level) AUD/JPY Chart, 15-Minute 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 Bank of Canada is widely expected to deliver a 25b – TDS FX Street 3 years Aussie free-falling as markets pile into safe-havens on renewed trade fears. Tariff angst is ramping up as the US prepares to announce more tariffs on Chinese goods. The AUD/JPY is falling back amidst a resurgence in trade war fears following headlines that the US is likely to be announcing further tariffs on Chinese goods. The news, originally broken by Bloomberg citing anonymous sources, stated that the US is seeking further tariffs on $200 billion USD of Chinese imports, and the new tariff list is expected to be announced Tuesday evening US time. The caveat that the tariffs won't come into… Top 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.
