AUD/JPY momentarily out of favor
AUD/JPY showing very low price volatility across several time frames.Intraday and daily AUD/JPY ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform…
Citi suggests AUD/JPY longs
Spot at 87.81, up 15 pips today
Analysts at CitiFX suggest buying AUD/JPY as their trade of the week. They expect yen shorts to add to positions ahead of the BOJ decision on Friday.
AUD/JPY sees its volatility dampen
Outlined from an hourly perspective, AUD/JPY’s set-up consists of an upward trajectory coupled with extremely low volatility numbers. Usually associated with the charting of narrow ranged channels, there is an increasing probability for volatility to p…