AUD - BULLISH
1️⃣ Risk sentiment was boosted amid reports that the US government will unveil an extra stimulus program, including larger spending in infrastructure later this week.
2️⃣ Local 10-year bond yields pushed higher to 1.8%.
JPY - BEARISH
1️⃣ Local media reports said that the weekly number of newly confirmed novel coronavirus cases in Japan has exceeded 10,000 for the first time in six weeks.
2️⃣ Retail sales in Japan declined by 1.5% year-on-year in February 2021, following a 2.4% drop a month earlier and compared with market expectations of a 2.8% fall.
3️⃣ Risk-on tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the AUDJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Risk sentiment was boosted amid reports that the US government will unveil an extra stimulus program, including larger spending in infrastructure later this week.
2️⃣ Local 10-year bond yields pushed higher to 1.8%.
JPY - BEARISH
1️⃣ Local media reports said that the weekly number of newly confirmed novel coronavirus cases in Japan has exceeded 10,000 for the first time in six weeks.
2️⃣ Retail sales in Japan declined by 1.5% year-on-year in February 2021, following a 2.4% drop a month earlier and compared with market expectations of a 2.8% fall.
3️⃣ Risk-on tone weighing on the safe-haven JPY.
=====
Technical
=====
We are looking to buy the AUDJPY at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS