Chinese economy recovering strongly should benefit the AUD in the longer run, and once Abe’s successor is elected, BoJ’s ultra-easy monetary policy will likely be reaffirmed — paving the way for eventual JPY weakness.
AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000 seems the right way to go…
AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000 seems the right way to go…