AUD/JPY is reporting losses, following the two-day winning streak. Risk aversion in the stocks could be driving the anti-risk JPY higher. AUD/JPY is flashing red in Asia, having gained ground in the previous two trading days. The JPY cross is feeling the pull of gravity, possibly due to fading US-China trade optimism, as indicated by the 0.37 percent drop in the S&P 500 futures. Shares in Hong Kong and Australia are also down, while Japanese and Chinese stock markets are lacking a clear direction, helping the anti-risk JPY gain ground. As of writing, AUD/JPY is trading at 79.34, having hit a high of 79.67 earlier today. Looking ahead, the currency pair could drop to the 50-day MA, currently at 79.11, as the hourly RSI has dipped into bearish territory below 50.00. The losses could be much deeper if the risk aversion worsens. AUD/JPY Technical Levels 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 AUD/USD: Return of risk aversion recalls 0.7150 FX Street 4 years AUD/JPY is reporting losses, following the two-day winning streak. Risk aversion in the stocks could be driving the anti-risk JPY higher. AUD/JPY is flashing red in Asia, having gained ground in the previous two trading days. The JPY cross is feeling the pull of gravity, possibly due to fading US-China trade optimism, as indicated by the 0.37 percent drop in the S&P 500 futures. Shares in Hong Kong and Australia are also down, while Japanese and Chinese stock markets are lacking a clear direction, helping the anti-risk JPY gain ground. As of writing, AUD/JPY is… 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.
