{"id":83377,"date":"2016-01-06T06:39:34","date_gmt":"2016-01-06T11:39:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=83377"},"modified":"2016-01-06T06:39:34","modified_gmt":"2016-01-06T11:39:34","slug":"aud-hurt-by-weak-china-data-jpy-gains","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/01\/aud-hurt-by-weak-china-data-jpy-gains\/","title":{"rendered":"AUD hurt by weak China data, JPY gains"},"content":{"rendered":"<div id=\"inves-2517498119\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 6, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>USD\/JPY opened Asia at 119.05 after finding support above Monday\u2019s 108.70 low but the pair then fell sharply risk aversion kicked in again today. The USD\/CNY fix was higher than expected and China data disappointed. Weighing on risk sentient was a weaker than expected Caixin services PMI.<\/p>\n<p>AUD\/JPY was the main reaction to the rise in risk aversion since China is a major trading partner for Australia. USD\/JPY fell to 108.35. AUD\/JPY fell over 1% to 84.25 and EUR\/JPY to fresh trend low below 127.50.<\/p>\n<p>EUR\/USD opened Asia at 1.0749 after falling on EUR\/JPY sales and yesterday\u2019s weak Euro zone CPI. The pair was sidelined in Asia as all of the action was in JPY crosses. EUR\/USD drifted in a 1.0739\/74 range and was 1.0760 into the afternoon.<\/p>\n<p>EUR\/JPY fell to a fresh trend low at 127.46. Focus turns to Euro zone services PMI is out later today along with PPI.<\/p>\n<p>AUD\/USD opened Asia at 0.7163 after a 2.3% fall in iron ore led to selling of the aussie. AUD\/USD traded to 0.7171 early in Asia before China events led to a spike in risk aversion. The weaker than expected<br \/>\nCaixin PMI pressured AUD\/USD down to 0.7097.<\/p><div id=\"inves-3710461812\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>GBP\/USD was flat and hovered near 9-month lows in Asia, after touching 1.4637 on Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime USD\/JPY opened Asia at 119.05 after finding support above Monday\u2019s 108.70 low but the pair then fell sharply risk aversion kicked in again today. The USD\/CNY fix was higher than expected and China data disappointed. Weighing on risk sentient was a weaker than expected Caixin services PMI. AUD\/JPY was the main reaction [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83377","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=83377"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83377\/revisions"}],"predecessor-version":[{"id":83396,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83377\/revisions\/83396"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}