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AUD/USD, NZD/USD both on the slide (and against the yen, fuggedaboudit!)

AUD/USD, NZD/USD both on the slide (and against the yen, fuggedaboudit!)

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Eamonn Sheridan
27/06/2018 | 01:45 GMT

The New Zealand business survey for June (ANZ conducts this) showed a marked deterioration in business sentiment

NZ data - Business Activity Outlook +9.4% in June (+13.6% prior)

  • Business confidence dropped to -39 (from -27.2 prior)

This weighed on the NZD but the selling has since spread to AUD also.

USD/JPY is off also, so AUD and NZD against the yen are tumbling

I mentioned earlier some short term support coming in USD/JPY around 109.70/80 on the charts ….. gettin' there now!

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