Monday, 24 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/JPY Finds Support Near 73.60 As China Hubei Reports Drop In New Corona Virus Cases
Friday, 14 February 2020 08:02 WIB | CURRENCIES |Dolar Australia,AUD,

The bid tone around the anti-risk Japanese weakened, allowing AUD/JPY to bounce up from near 73.60 after China's Hubei government reported a big drop in the new coronavirus cases using the new method introduced earlier this week.

The number of new cases was 4,823 on Thursday, down significantly from Wednesday's 14,840, Hubei province reported a few minutes ago. Note that the number includes clinically diagnosed patients “ those with symptoms, but yet to be tested positive.

The selling pressure around the AUD/JPY pair eased after Hubei's report, helping the cross recover from the three-day low of 73.62 to 73.72, the level where it is currently trading.

The pair, however, is having a hard time building on the recovery from session lows as the broader market is still looking risk-averse.  At press time, the futures on the S&P 500 are flashing red, while oil prices are flatlined.

The Asian data docket is light, hence the pair is likely to continue tracking the broader market sentiment.

Source : FX Street

RELATED NEWS
Yen Dekati Flat Meskipun Menigkatnya Kekhawatiran Virus; Dolar AS gain...
Monday, 24 February 2020 12:36 WIB

Safe-haven yen Jepang sedikit berubah terhadap dolar AS pada hari Senin di Asia meskipun ada kekhawatiran bahwa penyebaran virus corona global yang memburuk. Wabah kasus di luar China baru-baru ini m...

EUR/USD Jumps Above 1.08 as German Manufacturing PMI Beats with 47.8...
Friday, 21 February 2020 15:49 WIB

Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 “ reflecting ongoing albei...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data...
Friday, 21 February 2020 08:10 WIB

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the...

GBP/USD Holds Steady Above 1.2900 Mark Post-UK Retail Sales...
Thursday, 20 February 2020 17:15 WIB

The GBP/USD pair edged higher to fresh session tops, around the 1.2920-25 region post-UK macro data, albeit lacked any strong follow-through. According to the data released this Thursday, the UK mont...

Yen Near 9-Month Lows, Euro stays on the Back Foot...
Thursday, 20 February 2020 15:50 WIB

The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impac...

LATEST NEWS
Hong Kong Stocks Start Week With Another Sharp Drop

Hong Kong suffered more big losses Monday as investors fret that the coronavirus could become a global pandemic, with energy firms and companies linked to tourism among the worst hit. The Hang Seng Index fell 1.79 percent, or 487.93 points, to...

European Stocks Plunge On Fears Coronavirus Is Spreading In Italy; Stoxx 600 Down 2.4%

European stocks opened sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest coronavirus outbreak outside of Asia. The pan-European Stoxx 600 plunged 2.4% at the start of...

Yen Dekati Flat Meskipun Menigkatnya Kekhawatiran Virus; Dolar AS gain

Safe-haven yen Jepang sedikit berubah terhadap dolar AS pada hari Senin di Asia meskipun ada kekhawatiran bahwa penyebaran virus corona global yang memburuk. Wabah kasus di luar China baru-baru ini mendapat perhatian pasar. Italia, Korea Selatan...

POPULAR NEWS
Gold futures post a nearly 4% weekly gain
Saturday, 22 February 2020 02:08 WIB

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February...

Gold Hits New 7-Year High as Virus Prompts More Upgrades
Friday, 21 February 2020 20:18 WIB

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of...

Hong Kong Stocks Close Lower on Virus Worries (Review)
Saturday, 22 February 2020 04:19 WIB

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on...

Gold Pops as Virus Concerns Ignite Global Stampede Into Havens
Friday, 21 February 2020 16:59 WIB

The stars have aligned for gold as concerns the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary...