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Oct 10 - 06:12 AM
AUD/JPY - If You Expect A Trade Deal The You Should Buy AUD/JPY
First appeared on eFXplus on Oct 10 - 03:55 AM
  • AUD shorts, JPY longs. Two of the largest bets made in relation to trade war

  • AUD shorts established due to Australia's reliance on China for trade

  • JPY longs seen as insurance, yen believed to be a safer haven

  • Total USD 5bln staked vs AUD and JPY, 1/4 of all bets currently wagered

  • USD/JPY near 14% below level trading when first tariffs were introduced

  • Closes over nearby 55/21-DMAs, daily cloud 72.62-73.10 will trigger buying
















AUDJPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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