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USD/JPY: Risk-Reward Into FOMC; Positioning Signal & Fair Value Target – TD

TD FX Strategy Research notes that the market is still unwinding its long JPY exposure as the reduction in the tail-risk following the first round of the French elections has provided a modest spark to risk.

This backdrop, according Read More →

USD follows Yields higher after Mnuchin interview

Yesterday a number of markets were closed for May day celebrations, however we had some data reported out o fthe US. ISM manaufacturing data, Personal Spending & Personal Income all slipped lower.

The USD closed higher yesterday but Read More →

AUDNZD – Aussie Dollar To Gain Traction Post RBA Decision?

Key Points

  • The Aussie Dollar started an upside move after correcting towards 1.0875 against the New Zealand Dollar.
  • Earlier, the AUDNZD pair broke a bullish trend line with support at 1.0910 on the hourly chart.
  • Recently in Australia, the RBA Read More →