AUDJPY Super Sell

Mar 10

With inflation exhibiting volatility and market uncertainty prevailing, a shift to Risk Off mode is evident. The potential change in monetary policy by the Bank of Japan (BOJ) coupled with the AUDJPY pair's status as a risky asset in the forex market is anticipated to prompt a sharp decline in this pair. In a Risk Off scenario, traders typically seek refuge in safe-haven currencies to safeguard profits, reflecting the cautious sentiment prevailing in the market.