AUDJPY Clarifies the Hint

by Ashraf Laidi
Oct 5, 2009 17:10 | 77 Comments

AUDJPY Clarifies the Hint - AUDJPY Oct 5 (Chart 1)

The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY. RBA is expected to hold rates unchanged at 3.00% tonight, but could well open the door further open for a November/December rate hike, in which case may boost Aussie across the board in Tuesday Asian tradeespecially in the event of a rebound in regional indices. Nonetheless, the chart below suggests selling AUDJPY on the rallies near 80 continues to be the modus operandi for AUD traders, especially as the lower highs in the stochastics signal a continued bearish divergence.

 

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Comments (Showing latest 10 of 77) View All Comments
montmorency
Abingdon, UK
Posts: 610
12 years ago
Jan 15, 2010 18:40
@rkkashmir: you said "I meant i feel gbp/usd is 300 pips too high ".

So did I.
Unfortunately, the market does not ask our opinion on this matter.
Fortunately, it's now only about 200 pips too high! :-)

PippedOff
Canada
Posted Anonymously
12 years ago
Jan 15, 2010 17:00
usd/jpy i meant
PippedOff
Canada
Posted Anonymously
12 years ago
Jan 15, 2010 17:00
I hit that one perfectly Said; 74 pips

btw, ANY CHANCE OF A RALLY BACK IN U/Y NEXT WEEL; IT IS getting just obliterated here
rkkashmir
Posted Anonymously
12 years ago
Jan 15, 2010 14:50
I meant i feel gbp/usd is 300 pips too high
said
mulhouse, France
Posts: 2822
12 years ago
Jan 15, 2010 14:47
r u expecting 1.7550 before jumping in the wagon
rkkashmir
Posted Anonymously
12 years ago
Jan 15, 2010 14:36
So you are thinking moving forward, gbp will significantly o\utperform a very overextended by 300 pips gbp?

Plus, gold decline would hurt gbp also, although possibly not as much. Netter fundamentals for aussie, although they will have completed 5 rate hikes before BOE even does one.
said
mulhouse, France
Posts: 2822
12 years ago
Jan 15, 2010 14:32
rkkashmir

gold weakness may ponder aussie
i see 1.82 for gbpaud
said
mulhouse, France
Posts: 2822
12 years ago
Jan 15, 2010 14:28
RKKASHMIR

rkkashmir
United States
Posted Anonymously
12 years ago
Jan 15, 2010 13:47
Ashrad, Your thought on Gbp/Aud as a sort here at 1.7634

Thank you.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Dec 23, 2009 14:42
mo, i see 0.91 in AUDCAD

Ashraf