JPY Trading Outlook (04-06-2014)

Market Comment

Australia

The S&P/ASX 200 index declined 0.7% or 38.779pts to 5479.68 (day range: 5526 – 5478.5) on Tuesday. The index is below its 20d MA (@ 5480) and above its 50d MA (@ 5449). 50% of the index constituents are above their 20D MA (vs 66% the previous session) and 54% of the shares are above their 50D MA (vs 64%).

Australia recorded seasonally adjusted current account deficit of A$5.7B in 1Q vs current account deficit of A$11.7B in 4Q, according to the Australian Bureau of Statistics.

Australia’s retail sales rose 0.2% MoM in April vs +0.1% in March, according to the Australian Bureau of Statistics.