Technically: We see the pair consolidating in an ascending triangle toward the 84.3 level, the Australian dollar is showing strength toward the Yen despite the JXY (Japanese Yen Index) bouncing back from the lowest it's been since March 2020. let's wait for a break of the triangle to get some direction.
Fundamentally: We know the YEN likes a weak exchange rate as they export a lot of goods, the AUD has been strong throughout the pandemic and has posted great jobs reports in the past few months.
In short, I'm bullish on the AUD.
Fundamentally: We know the YEN likes a weak exchange rate as they export a lot of goods, the AUD has been strong throughout the pandemic and has posted great jobs reports in the past few months.
In short, I'm bullish on the AUD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.