The Aussie has become somewhat neutral currency due to the halting of monetary easing giving the opportunity for the AUD to rally from lows against weaker currencies. On the JPY side of the trade the BoJ are actively intervening in the FX space to keep their currency weak. The dangers of this trade are the safe haven flows strengthening the JPY momentariy. However with the upcoming potential for further montary easing from the BoJ we should see this currency pair strengthen in the mid term. lear to trade like a pro bankonadam.com