easyMarkets

AUD/JPY oversold to bounce off 200 DMA

Long
EASYMARKETS:AUDJPY   Dollar australien/Yen japonais
AUD has been belted lower since the RBA went to lengths to slow down the market pricing in rate hikes.

AUD/JPY has fallen alot less than AUD/USD because of USD/JPY rally since the US inflation numbers on Wednesday restarted the inflation debate.

AUD/JPY is just above the 200 DMA at Y82.80 and we are looking for at least a technical bounce to Y84 but if next week (Tuesday) Australia wage inflation is strong we can see a sharp move back to Y86.

Main risks to trade is US stock market correction or China negative news.

Come join us today at : www.easymarkets.com/
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.