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Audjpylong

AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improved global risk sentiment and a relatively buoyant commodities sector concerning Australian exports. Technically, the price has powered to a new 6.5-year high, again making a very strong rise last week – this was the biggest weekly rise in this currency cross seen in many years.
Long
by SmoothJB
AUDJPY | HARMONICS IN PLAY?AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022. Now the Hot Question is: Where will be the top? If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone. The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long. Alternatively, If weekly resistance taken out then 100 level is on the card. Play your levels accordingly.
Short
by JustTradeSignals
11
AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improving global risk sentiment and a relatively buoyant commodities sector concerning Australian exports. Technically, the price has powered to a new 4-year high price, but bulls should be warned this currency cross can turn sour very quickly, especially if there is any surprising escalation in Ukraine.
Long
by SmoothJB
Japanese Yen - Why The Yen is Fundamentally WeakThe Japanese Yen is fundamentally weak as low inflation in Japan is causing the Bank of Japan to keep interest rates low, at a time when other central banks in the U.S, Canada, Australia, New Zealand and the UK are raising rates to deal with high inflation in their domestic economies. The interest rate differentials and divergence in monetary policy are forcing Japanese Investors to sell the Yen in exchange for currencies that pay a premium interest rate on Government and corporate bonds.
Short
by KayansMarkets
2