Buy AUD-JPY | Strong data for AUD and still dovish BOJ
As the cash rate for AUD officially increased today followed by a drop in AUD pairs gives a very good opportunity to long AUD from a good price. RBA (Reserve Bank of Australia) has given statement of high inflation concerns and strong job reports and has set a hawkish tone.
BOJ is yet to lift its negative interest rate making it the weakest currency still. As such, it is still my favorite pair vs AUD.
Strong AUD - Weak JPY
BOJ is yet to lift its negative interest rate making it the weakest currency still. As such, it is still my favorite pair vs AUD.
Strong AUD - Weak JPY
Note
Worked out well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.