Wednesday, April 26, 2017

4/25/17 USD/JPY and AUD/USD Analysis


InstrumentViewTargetLevel TodayCOT ReportViewDate

USD/JPYSince the Frenc election has passed investors have started to unwind their Japanese Yen Positions which has given it a huge boost. we believe the momentum will keep going all the way to the 112 level before turning around112111Reduced short positions heavilyBUllish4/25/17
AUD/USDInflation for Australia came out higher than normal and inside of the RBA's target bands. Usually, this would be good news but the labor market slack and weak economic growth will impede on the RBA increasing interest rates. Therefore higher inflation reduced the spending power of the currency which could cause it to get weaker.0.7490.7514Speculators still hold a lot of long positions for the currencyBearish4/25/17






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