Both Aussie Longs Remains Despite Poor Jobs

As the USDJPY touches 99.95, eyes begin to shift to next week's G7/20 meetings in Washington and speculation over the verbal consensus/opposition with regards to Japan's monetary policy.  Aussie shrugged the poor jobs report (tumbling payrolls and rising unemployment rate) to break above 1.0550, while printing +105 against the yen. Reserve managers continue to reward Aussie's high yield status and AAA rating as the RBA admits it will not intervene or jawbone in the currency. EURUSD shies away from the DMA confluence ahead of Friday's US retail sales. Earnings from Wells Fargo and JP Morgan could impact early trade.  Both of the 2 longs issued on AUDUSD before the jobs report remain in progress. We added 2 new trades in gold as well as USDCAD. For full view, please see latest Premium Insights.