AUDJPY - BUY

Trend is up

Aussey has been strong all week

Points for Strength

The AUD/JPY has been strong this week due to several key factors:

1. Rising Commodity Prices - Increases in iron ore and coal prices have boosted the AUD.
2. Interest Rate Differentials - Australia's higher interest rates compared to Japan make the AUD more attractive.
3. Positive Risk Sentiment - Favorable global market conditions have driven investors towards higher-yielding currencies like the AUD.
4. Strong Australian Economic Data - Higher-than-expected inflation and other positive economic indicators have strengthened the AUD.
5. Central Bank Policies - Speculation on future rate cuts by other central banks, while Australia's rates remain stable, supports the AUD.
6. Technical Indicators - The AUD/JPY has been trading at 90-day highs, with bullish technical patterns.
7. Global Market Influence - Strong performance in global markets, particularly US equities, has positively impacted the AUD.

These factors collectively contribute to the recent strength of the AUD/JPY pair.