Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

AUD/JPY: No respite for bulls, 80.00 into focus again

AUD/JPY has broken into fresh day lows in the first hour of trading in Tokyo, taking the exchange rate from 81.35 down towards the 80.55 vicinity, as the risk of bolder JPY jawboning by BOJ officials increasing as the Yen continues to appreciate across the board of safe-haven bids.

How long until some Yen jawboning?

While BOJ and government officials have suggested that fighting the Yen appreciation at times of risk aversion is a pointless exercise, they might nonetheless start to step up their rhetoric against excessive Yen appreciation, in an attempt to at least slow down the strong gains. The more expensive the Yen gets, the harder it will be for BOJ Kuroda to stimulate inflation again, as Japanese exports become less competitive, which should weigh on the economy.

AUD/JPY key levels

Should the speed of declines continue, it won't be long for the pair to try and retest 80.00 again - first test was yesterday, where a robust bounce was seen -, followed by 79.50 mid round number ahead of 79.00. On the upside, as long as the risk conditions don't change, and assuming no BOJ intervention takes place, bounce should remain shallow, with mid and round numbers key value levels to re-engage into additional short-side business.

Commodities: oil front and centre - ANZ

Analysts at ANZ noted the activity surrounding the commodities markets overnight.
Read more Previous

USD/JPY moving in at 114.20 with air of caution

USD/JPY bears are making their mark as Tokyo gets going and its back to business on the downside. The Yen is strong across the board as Abe crosses the wires, but with little to run with saying the BoJ will take appropriate steps towards policy.
Read more Next