With commodities collapsing and the BOJ announcing further easing and loose monetary policy, AUD/ JPY provides the best instrument to ride both the decline in commodities and the softer yen.
If commodities are falling, why, for the love of God, would you go long a commodity currency ? :))
sisse
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I don't think you understood the chart. Its a short call !!!. When commodities go down AUD going down making the pair move down...
vlad.adrian
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I don't think you understand how forex works. If the BOJ si going to ease further, the yen is going to loose. That means higher AUDJPY.
sisse
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The Kuroda and Abeconomics has been in full motion for quite a while. The arsenal is quite empty now and most of the move is already digested. In such a long fundamental trades we trade expectations not fact....Be careful you maybe the one who is not really grasping how fundamentals work.
In any case, this is a monthly chart so lots of things can happen in between. The main momentum should come from AUD later this year via dollar and FED hikes... lets have a review later to let the charts and fact talk by themselves in a few months ...
vlad.adrian
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Now I am sure you don't know what you are talking about.