As all the major risk events of week are over. Aussie has gained most against US$ with respect to other currencies. We expect the risk geared currency to gain further.
On the other hand Boj keep policy unchanged as widely expected by market. AUDJPY pair has maintained the nice up-trend in the wake of major risk events. A daily close above 87.38 has put the bullish bias in place once again.
We have entered Long position from 86.85 targeting 87.57 initially. Half of the position will be closed once the first target is met. a stop-loss will be in place on a daily close below 86.49
On the other hand Boj keep policy unchanged as widely expected by market. AUDJPY pair has maintained the nice up-trend in the wake of major risk events. A daily close above 87.38 has put the bullish bias in place once again.
We have entered Long position from 86.85 targeting 87.57 initially. Half of the position will be closed once the first target is met. a stop-loss will be in place on a daily close below 86.49