In this video update, we take a look at our chart to watch this week in AUDJPY.
Fundamentals:
Trade talks between the US and China have been positive suggesting a move to a risk on market with safe havens selling.
The BOJ is talking of moving rates further into the negative in a bid to devalue the JPY.
Technicals:
The monthly timeframe is bullish bouncing from the key lows, the daily timeframe is testing the previous
breakout highs as support. The 4hr timeframe is bouncing from the averages and could take out the current
highs.
Fundamentals:
Trade talks between the US and China have been positive suggesting a move to a risk on market with safe havens selling.
The BOJ is talking of moving rates further into the negative in a bid to devalue the JPY.
Technicals:
The monthly timeframe is bullish bouncing from the key lows, the daily timeframe is testing the previous
breakout highs as support. The 4hr timeframe is bouncing from the averages and could take out the current
highs.