Forex Flash: Australian employment data helped by part time work gains – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that overnight data saw the release of Australian employment data that were helped by gains in part time work (keeping the unemployment rate at 5.4% despite a 9,800 fall in full-time jobs).

He writes, “AUD is holding above USD 1.03, but remains vulnerable., Japan saw weak earnings from exporters, and with JGB yields drifting lower again, there isn’t anything to change the weak yen policy.”