AUDUSD buy entered at 0.6608. Stop at 0.6545.
USD/JPY has pulled back toward the 150.00 level in early NY trading, reacting to comments from Mr. Honda, former Special Advisor to the Cabinet Secretariat and a close associate of Ms. Takaichi.
Mr. Honda stated that “excessive yen depreciation will keep prices high, and 150 yen to the dollar is an overshoot,” and that “a December rate hike would not be an issue as long as economic conditions do not significantly worsen.”
Given the caution surrounding the Japanese Yen, the current focus is on looking for US Dollar selling opportunities.
