AUDJPY 4 HOUR CHART – SHORT JPY POSITIONS BEING UNWOUND
USDJPY IS ABOUT UNCHANGED WHILE THE USD IS FIRMER VS OTHER PAIRS
AUD AND NZD ARE WEAKEST, EUR THEN GBP AND CAD ARE NEXT
WHAT DOES THIS TELL YOU?
JAPANESE INTERVENTION THREAT IS BEING TAKEN SERIOUSLY AHEAD OF A LONG HOLIDAY WEEKEND AS SHORT JPY (CARRY TRADE?) CROSSES ARE BEING UNWOUND
ON THIS CHART AUDJPY NEEDS TO TRADE BACK ABOVE.9842 OR RISK STAYS ON THE DOWNSIDE