Last weeks Forex market seems quite except Australian dollar and Japanese Yen, the carry – trade is going on due to the concern of Japanese Yen’s low rate, we can see the AUD/JPY and USD/JPY exchange rate posted higher and higher.
This week we will focus on this two pair Forex currency exchange, the market signaling YEN OVER SOLD.
Let’s take a look at the following chart of AUD/JPY pair, the AUD/JPY gained around 908 pips from February to now, the reasons are – Carry Trading , due to the margins of interest rate between this 2 currencies, the AUD/JPY already reached 97 - a new high.
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