Australian dollar may reach its lowest level since April, the month against a background of growth implied volatility. The implicit volatility of options on three-month Australian dollar coupled with yen today on the threshold of growth - she came right up to resistance, which is 76.4% Fibonacci rollback of the maximum 53.31% in October. The implicit volatility today has grown to 23.5% compared to 21.2% on 12 August. The bank believes that the movement to the new minimum is losing momentum. If volatility increases, in the next few weeks the Australian dollar against the yen falls to 200-day moving average, which takes place at the level of 68.7, as the correlation between volatility and a pair of inversely proportional. In addition, the note at the bank, the combination of falling stocks and declining commodity prices is a signal to reduce the Australian dollar against the yen. The fall in commodity prices will not support any Australian dollar, the decline in equity markets is likely to positively impact on the Japanese currency. Australian dollar coupled with yen now trading at 77.99. From April-month increase in Australia's currency against the yen was 13%.
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http://7288193611284205983-a-1802744...D41sHSSvCnAck8