The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
$AUDJPY bearish and bullish technical setups are forming, the outcome largely depends on the progress in US-China trade talks as a catalyst for the Australian Dollar and Japanese Yen. Get your market update from @ddubrovskyFX here: https://t.co/qBw7m04PvD https://t.co/UeUN2CKmyX
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