Hello friends, the daily candles in AUDJPY are getting smaller indicating that the bulls might have run out of steam.
I will expect risk aversion to hit the market very soon once the market participants focus on the gloomy economic outlook of the world.
So, when that happens, currencies like AUD will take a hit and Japanese Yen will gain strength. So, AUDJPY could drop very sharply.
I will expect risk aversion to hit the market very soon once the market participants focus on the gloomy economic outlook of the world.
So, when that happens, currencies like AUD will take a hit and Japanese Yen will gain strength. So, AUDJPY could drop very sharply.