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The Trend of the Day - AUD/JPY

The Trend of the Day - AUD/JPY

2009-10-09 15:56:00
Gregory McLeod, Currency Analyst
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Today Aussie Yen has broken out of a near 3 month range between the 76.52 to the 80.000 area. Measuring the width of the range gives us a conservative price target of 83.28. Taking the length of the range gives us a more aggressive target of 90.00. Positive carry interest paid, strong Australian economic fundamentals and record high price of gold underpin this rally.


AUDJPY breakout

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