Forex Strategy Video: EURJPY or AUDJPY the Better Risk Trade?
• Yield and Yen performance has not matched up, offering opportunities on future risk trend moves
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AUDJPY is the consummate high-yield carry trade...right? In fact, this pair is more than 1,000 pips off its April high while global equities have thrown in with the bulls. Alternatively, the EURJPY and CHFJPY which have no or negative carry have pushed to multi-year highs. In today's Forex Strategy video, we break down the two critical fundamental factors for trading yen crosses - carry and risk levels - along with how the current positioning on these planes offers trading opportunities should the speculative drive regain traction.
Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!