Buy AUD-JPY | Strong data for AUD and still dovish BOJ

7 Kas 2023

As the cash rate for AUD officially increased today followed by a drop in AUD pairs gives a very good opportunity to long AUD from a good price. RBA (Reserve Bank of Australia) has given statement of high inflation concerns and strong job reports and has set a hawkish tone.

BOJ is yet to lift its negative interest rate making it the weakest currency still. As such, it is still my favorite pair vs AUD.

Strong AUD - Weak JPY

8 Kas 2023

Not

Worked out well.