Instrument: AUDJPY
Bullish Preference:
A buy position is envisaged if the price trades above 95.214 with take profit at 95.327.
Bearish Preference:
A sell position is envisaged if the price trades below 95.020 with take profit at 94.915.
Fundamentals:
None with High Impact on the Pair
Comment:
The dollar and euro made a firm start on Monday to a week full of central bank meetings, while the yen was struggling on investor expectation the Bank of Japan will be the odd one out as policymakers hike rates in Europe and the United States. The yen had dived against the U.S. dollar and crosses last week following a Reuters report that the Bank of Japan was leaning towards keeping its yield curve control policy unchanged, though volatility gauges have spiked as the meeting looms.
Analysis: SCRUM Team