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Sep 22 - 07:55 AM

AUD/USD - 0.6670 Caps Japan-Spurred Rally From 28-Month Low

By Rob Howard  —  Sep 22 - 06:15 AM
  • AUD/USD met headwind a fraction shy of 0.6670 after rallying off 0.6574

  • 0.6670 is former support point turned resistance level (last week's low)

  • 0.6574 was 28-month low -- before Japan's FX intervention weighed on USD

  • See: nL1N30S30X. Japan's FX intervention started shortly after 0800 GMT

  • Drop to 0.6574 followed Fed's hawkish rate hike on Wednesday nL1N30R1F1

Source:
Refinitiv IFR Research/Market Commentary

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