Flash: AUD/JPY with risk of deeper falls to 88.65 - ANZ

FXstreet.com (Barcelona) - On the back of an aggressive drop by the AUD/JPY, Tim Riddell, head of research at ANZ, thinks the impulsive acceleration risks now a deeper fall to 88.65 or even the 86.25 should not be ignored.

According to the strategist, initial resistance is found at 93.10-25 area. A break above would confirm higher targets towards 94.50, and "would add weight to the suggestion of an early return to the trend of JPY weakness" Riddell adds.

Jun 12, 2013

Commodities Brief: Precious metals fall victim to “risk off” selling

In a day in which a “risk off” selling theme rumbled throughout both equities and commodities, precious metals unable to shake off the bears with gold closing down 0.57% at 1378, and silver closing down 1.14% at 21.59.

Flash: On the sidelines in USD/JPY until JGB stability - Nomura

Despite the disappointment post BoJ, the press conference by Governor Kuroda showed slightly more determination to stabilize the JGB market, says Yujiro Goto, FX strategist at Nomura.