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Audjpylong

AUDJPY - Bullish BiasAUD - Strong Bullish 1️⃣ The risk-on market environment supports the AUD. 2️⃣ Rising iron ore prices in China have also been one of the main catalysts in AUD strength. 3️⃣ Investors also welcomed the resumption of U.S.-China talks, after U.S. Treasury Secretary Janet Yellen and Chinese Vice Prime Minister Liu He discussed macroeconomic and financial developments during their online calls. 4️⃣ Inflation rates in the third quarter are projected to increase following growing price pressures around the world. JPY - Strong Bearish 1️⃣ The rise in the stock market weighs on safe-haven currencies like the JPY. ===== Technical ===== We are buying the AUDJPY after it bounced back on the RBS level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
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