Intraday Market Thoughts

Archived IMT (2009.02.03)

by Ashraf Laidi
Feb 3, 2009 11:08

JPY is the main loser and AUD the big winner as BoJ takes a page from 2002 and buys shares in top banks, supporting risk assests, equities and dragging the yen. Aussie's broad gains emerge ahead of incoming RBA decision and following the latest gvt stimulus package of A$42 billion. AUDJPY may extend towards 59 cts as big RBA cut combined with stimulus could give jolt to risk appetite. HOTCHART updated for today.


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