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AUD/JPY

AUD/JPY

Thomas Long, Course Instructor

This serves as confirmation that this pair continues to be in a strong uptrend. We might see this pair gain additional strength as the choice for carry traders as the interest rate in Australia sits at 3.75% while the interest rate in Japan is at the .10% level for a spread of 365 basis points. I would continue to look for buying opportunities on this pair as long as it can remain above support in the .7857 area.
 

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