AUDJPY lower
I think i like AUDJPY lower here.
Similar reasoning to my CADJPY post, JPY should get stronger on falling/ranging global yields and risk sentiment should continue to fall on global tightening policies. AUDJPY is a proxy to the S&P, i think we've had a decent enough rally in the S&P to allow for further downside.
AUDJPY sentiment and positioning was extremely high a coupe weeks ago so i think this continues to fall.
Not trading/investment advise, feedback welcome!
Similar reasoning to my CADJPY post, JPY should get stronger on falling/ranging global yields and risk sentiment should continue to fall on global tightening policies. AUDJPY is a proxy to the S&P, i think we've had a decent enough rally in the S&P to allow for further downside.
AUDJPY sentiment and positioning was extremely high a coupe weeks ago so i think this continues to fall.
Not trading/investment advise, feedback welcome!
註釋
moving the stop to 91.991, think it makes sense to give this trade more room with recent risk on sentiment
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