Reference Analysis: AUD & AUDJPY

Benchmark Prices::

Reference Analysis dated February 05: Insight Market Update
                                            February 12: Insight: Market Update ll                                    

The Aussie Dollar & the AUDJPY cross rates; as the tandem currency pairs with the most potential market movers. As such, the relative price action already started earlier within the week where China's contraction can be seen alongside the performance of its stock prices. With barely 48.4 comparatively weaker than Taiwan and Korea PMI / export orders registering above the 56 & 51 respectively. This have dampened the Aussie for the past months until reaching its levels @0.8660 and 88.24 for the AUDJPY cross reference rate.

However, its recent recovery currently back-up to 0.8964 and 90.95 has been a welcome treat from the lows. For medium-to-long term trades have been very attractive for fresh positions anything well within 0.8500-0.8700 and 88.00-89.00 respectively on both pairs. It is actually a bargain price. And that is exactly what transpires when bargain hunting presents itself in the market. No amount of technical nor fundamental takes place specially for most institutional players in the market that applies certain benchmark prices from historical levels to trade.