Dollar Versus Yen and Aussie June 28th

FX Strategy Video > Currency Pairs Analysis

USD/JPY rose slightly for the Wednesday session as the risk appetite was slightly higher for the day. The pair is being influenced greatly by the Federal Reserve and the Bank of Japan as they argue over "who's cheaper." None the less, we think Japan eventually "wins" as the pair finally rises above the 80.60 level. Of course, this could be a minute.....

The AUD/USD pair rose again for the session day in a row, bouncing off of parity. The pair will follow risk in general, and the appetite is going to be weak overall going forward in our opinion. Because of this, we are looking to sell this pair on signs of weakness. However, if we get above the 1.02 level - we would go ahead and buy. A break below the 0.99 level would be a great sell sign in return.

Published on 27th of June 2012
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