Australian Dollar's Risks Against Yen Skewed to Upside, Chart Shows -- Market Talk

Dow Jones
05/21

0023 GMT - The Australian dollar's risks against the yen are skewed to the upside, StoneX's Matt Simpson says in commentary. The 1-hour chart shows a "risk-on vibe" that's too difficult to ignore, which has sent the Australian dollar-Japanese yen pair up toward the weekly pivot point, the senior market analyst says. The currency pair shows potential to rise higher should Australia's jobs data due today stay firm and sentiment buoyant, Simpson says. "That places a retest - and potential break - of 114 [yen] on the radar over the near term," the analyst says. The Australian dollar is 0.1% lower at 113.56 yen, FactSet data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 20, 2026 20:23 ET (00:23 GMT)

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