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JAPANESE YEN / AUSTRALIAN DOLLAR

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JPYAUD trade ideas

Setup Sunday 04-08Hello Traders, Here's another Setup Sunday from my side. The market is very calm, actually not very calm but in a strong pullback overall and very much against their trends..so for my strategy it's very very calm right now. A lot of red, 1 trade that we're in and 1 potential for the next week. Next to that I also have some results from my scalping version of my strategy (You gotta trade in calm weeks too haha :)) Enjoy This video, please boost it, or comment for any questions. Good luck everybody! Happy trading! :D
by stefann187
AUDJPY Target 90The Yen has been pretty much toast for quite some time. That was until the 11th of July 2024. Technicals 1. Candlestick - Evening Star for the start of this corrective move away form 109.50. 2. 200 MAV - price crossed on the 17th July. 3. MAV Alignment - 20/50/200 lined up to the downside. 4. Momentum - from OB zone, a Bearish Divergence as a prelude to the corrective move. RSI staying in the sell zone & pretty much occupying the OS zone. 5. Volume - nearly all high volume bars align with the sellers, showing clearly they are in control. 6. Order Flow - price is trending down progressively and steadily , suggesting it will continue. There is no blow off shown as yet. We are in the 3rd leg down. Target - the unmitigated Demand Zone from June 2023. Fundamentals Value of AI - The strengthening of the Japanese Yen since early July 2024 can be attributed to several key factors: Bank of Japan’s Monetary Policy : The Bank of Japan (BoJ) raised interest rates to their highest level since 2008 and announced an aggressive quantitative tightening plan. This included reducing government bond purchases, which signaled a shift towards a tighter monetary policy12. Speculation and Market Reactions : There was increased speculation about further interest rate hikes by the BoJ, which led to the unwinding of carry trades. These trades typically involve borrowing in a low-interest-rate currency (like the Yen) to invest in higher-yielding assets elsewhere. As expectations of higher rates grew, investors started unwinding these positions, leading to increased demand for the Yen13. Global Economic Conditions: The Federal Reserve’s signaling of potential interest rate cuts in the US also played a role. This narrowed the interest rate differential between the US and Japan, making the Yen more attractive to investors13. Risk Aversion : During times of global economic uncertainty, the Yen is often seen as a safe-haven currency. Recent global market volatility and concerns about economic stability have driven investors towards the Yen So , from both perspectives a target of 90 is very compelling.
by Umlingo
1
AUD/JPY Crushed by Carry Trade UnwindAUD/JPY is the quintessential "carry trade" pair among the majors given Australia's clear link to global growth and Japan's persistent near-zero interest rates. After a strong start to the year, the pair has dropped over -1100 pips (-10%) in just the last 3 weeks along, underscoring the risk with crowded carry trades. A near-term bounce is possible, but with the BOJ starting to raise interest rates, it's unlikely we'll see the same level of enthusiasm for AUD/JPY longs any time soon. -MW
by FOREXcom