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.
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$AUDUSD $AUDJPY $EURAUD Weekly Technical Forecast - via @DailyFX
Link to Full Report: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/09/14/australian-dollar-price-forecast-audusd-audjpy-euraud.html https://t.co/C8NQxJGjFp
At the same time, the Australian Dollar has rebounded considerably with #AUD closely tied to #China economic growth and demand for Aussie exports. Recent $AUDJPY gains have notable as appetite for risk gets another boost from upbeat market sentiment. https://t.co/lNYJjOowSt
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