jessi061

Aussie Vs Japanese Yen (AUD/JPY) Trade Plan

Short
FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
Comment: We had a sweet fall around weekly s1 but price somehow bounced upward from that level and I believe it's due to dynamic changes in global risk sentiment news. Safehaven is good till the market is on risk aversion.

Zhang Yansheng, the principal researcher of the state-affiliated think tank China Centre for International Economic Exchanges expressed his bright view earlier:
China economist says phase one trade deal likely this year if there is no disturbance.
Comment: China's Vice Premier and leader of the trade negotiating team Liu He
"cautiously optimistic" about reaching a phase one trade deal
remains confident but confused about US demands.
Comment: The risk jumped on this comment earlier morning.
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