I have been watching JPYAUD for a long time with no publish analysis as i was only focusing on main pairs where i like to be.
but its very interesting to know that this pair will keep rising up in short and mid terms for following reasons:
* COVID19 impact: which is making investors looking for save currency such like JPY and CHF.
* Negative Ausralian results:...
China's policy makers are hinting measures to increase domestic demand, which includes infrastructure investment and credit injection. Long AUDJPY betting on higher global sentiment.
Risks: late cycle U.S. economy.
the pair has been on quiet a run of late and might continue on the short term but still a short is in sight during the coming week or next so stay focused
the RVI is still showing signs of a long in perspective even though the pair approached a support zone