Long AUD/JPY as risk appetite recovers
Topside targets are Y83 on break of Y82.30. Buying dips into Y81.80.
AUD/USD is enjoying a nice rally as stocks reverse and data from Australia recently remained strong leading RBA to end QE. The RBA still doesn't want to open the door to a 2022 rate hike but local big banks are nearly all looking for August or September.
Oil and commodities continued to rally and with stocks higher AUD/JPY is grinding higher.
Today we have NFP where a slightly weaker number is best with stocks higher and USD down likely in that result.
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AUD/USD is enjoying a nice rally as stocks reverse and data from Australia recently remained strong leading RBA to end QE. The RBA still doesn't want to open the door to a 2022 rate hike but local big banks are nearly all looking for August or September.
Oil and commodities continued to rally and with stocks higher AUD/JPY is grinding higher.
Today we have NFP where a slightly weaker number is best with stocks higher and USD down likely in that result.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
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