Risk on day and AUD/JPY likely to be the main beneficiary

After chatting with a few dealers the main expectation is that we will have a fairly quiet session but that if one pair does go for a run, it might be AUD/JPY. The AUD/USD has broken through what for many was an important psychological barrier, .8500. If Japanese exporters pull their offers in USD/JPY to wait for better levels, then we could see some signifcant gains in the cross, at least back to test the recent highs at 82.00. (chart to come)

Top Brokers

Sponsored

General Risk Warning