AUDJPY Short
Telah dikemas kini
Trying AUDJPY short here.
From a technical perspective not too much to offer.
Overall makes sense from narrative perspective, global growth worries and i think yields will struggle to move higher as the further we tighten the more we get past peak hawkishness for central banks. We also have a little risk off which should mean a lower AUDJPY. China worries are building again for the economy and with covid worries again i think this means AUD could struggle a little.
AUDJPY has yet to fall from the rising risk sentiment that happened over the past month or so.
I think what is interesting as well is EURAUD and AUDJPY have a pretty strong inverse correlation and so if you wanted to get in on the rising EURAUD play then AUDJPY may be a good way to do it.
correlations are suggesting lower to me, commodities are all moving a little lower, risk is moving lower and i think yields stay roughly where they are.
not trading/investment advise, feedback welcome!
From a technical perspective not too much to offer.
Overall makes sense from narrative perspective, global growth worries and i think yields will struggle to move higher as the further we tighten the more we get past peak hawkishness for central banks. We also have a little risk off which should mean a lower AUDJPY. China worries are building again for the economy and with covid worries again i think this means AUD could struggle a little.
AUDJPY has yet to fall from the rising risk sentiment that happened over the past month or so.
I think what is interesting as well is EURAUD and AUDJPY have a pretty strong inverse correlation and so if you wanted to get in on the rising EURAUD play then AUDJPY may be a good way to do it.
correlations are suggesting lower to me, commodities are all moving a little lower, risk is moving lower and i think yields stay roughly where they are.
not trading/investment advise, feedback welcome!
Nota
taking this out for -0.7%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.