aud/jpy

Our trade call is to sell AUDJPY on a retracement to the 80.60 area. Earlier in the Asian session, Caixin Manufacturing PMI from China printed at 49.4, below estimates. And Australian Building Approvals beat at 3.7% for March. Ahead we have Manufacturing PMI from the UK and later GDT from New...

Our trade call for the London session is to sell AUDJPY on a pullback to around the 83.70 region. Stop-loss and take-profit should be around 135 pips, but above levels of support or resistance. Last week’s long USDJPY would have been closed for locked-in profit when the BoJ failed to provide...

The AUD will likely remain pressured after poor Chinese data, falling commodities, and the risk off tone set by falling equities. We will look at selling AUD on pullbacks for the session. AUDUSD and AUDJPY look like potential options, with the JPY catching safe haven bids and the positive Q3 GDP...

Our trade call today is to sell AUDJPY from 84.60 area or AUDUSD from 0.7060 area. Stops should be about 50-100 pips and the absolute maximum risked for any trade is 1%; this means 0.5% maximum on each position if you choose to sell AUD against two different counterparts. The conviction in this...

Today we are looking at selling AUDJPY from the area between the 95 handle and 95.20. Yesterday's low comes in at 95.17 which aligns with the 50% fibonacci retracement of the recent dip and also matches the level 1 support pivot line. Current Sentiment: The US session last night had few...

Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end of the month it had slid to over 91¥ to the USD. Even more impressive was the strength...

There are numerous reasons to be short the yen. Japan has demographic problem, a slumping economy seemingly headed for another recession, a record-high debt-to-GDP ratio, and recently a trade deficit, caused in part by the elevated level of the yen. There are other fundamental reasons to be...