AUD - Weak Bearish
1️⃣ The RBA maintained interest rates at 0.10% and continued its asset purchase program of AUD 4 billion a week.
2️⃣ Australian jobs data is expected to weaken in October due to a fall in the manufacturing and services PMI.
3️⃣ The debt crisis of Chinese real estate companies resurfaced after Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading.
JPY - Strong Bullish
1️⃣ The decline in US Treasury bond yields supports the JPY.
2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY.
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Technical
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The AUDJPY has broken and retested the previous support level.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The RBA maintained interest rates at 0.10% and continued its asset purchase program of AUD 4 billion a week.
2️⃣ Australian jobs data is expected to weaken in October due to a fall in the manufacturing and services PMI.
3️⃣ The debt crisis of Chinese real estate companies resurfaced after Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading.
JPY - Strong Bullish
1️⃣ The decline in US Treasury bond yields supports the JPY.
2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY.
=====
Technical
=====
The AUDJPY has broken and retested the previous support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.