AUDJPY: Fundamentally ok to trade still....
Combining the technicals with the fundamentals for the currency market seems to be easier than stocks for me; for one not looking at BOTH macro and micro-economic data, and auditing balance sheets of thousands of companies, but the task is mainly analyzing political and macroeconomic data and not worrying about the CEO of company X putting his company in the pink sheets or suddenly going private, leaving investors in potential jeopardy.
Although AUD is not yet on the hawkish side, it is not too dovish either, and JPY is more dovish than AUD, and so, weaker; however, it is not the best pair to trade. Overall, this trade is fundamentally ok.
Although AUD is not yet on the hawkish side, it is not too dovish either, and JPY is more dovish than AUD, and so, weaker; however, it is not the best pair to trade. Overall, this trade is fundamentally ok.
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