RAPID SIGNAL SELL NOW AUD/JPY The Australian dollar ben | Focal Community Group (FXSignals)

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SELL NOW AUD/JPY

The Australian dollar benefitted in yesterday's Asian-Pacific trading session from the strong performance of Wall Street in the second half of Wednesday's US trading session. However, investors reassessed the new situation that leaves (most) economies less supported by central banks (as also the BoE started to hike rates and the ECB at least pointed towards the end of its massive bond buying program in March). In combination with fears of a potential economic slowdown due to new Omicron induced restrictions, risk sentiment soured today with also stocks, in particular the important tech sector, seeing losses. We also see commodity prices falling again after a strong push on Wednesday and early Thursday trading. The yen sees demand, despite the Bank of Japan likely position itself still ultra-loose at tomorrow's policy decision announcement.

Tip: You can multiply your usual lot size by ~ 1.25 - 1.50 (125% - 150%) trading AUD/JPY