I wonder what happened to Monday’s risk aversion when AUD/JPY was trading near 90.00? Now we are 4.5% higher! No point in chasing moves like this but congrats to anyone who was clever enough to stick a silly bid in last Monday morning.
I understand the rally in the AUD/USD to some extent, but the move in USD/JPY has certainly taken me by surprise. I guess it’s typical USD/JPY price-action; stop both sides of the market out!
I’m leaving this cross alone, missed out on another one.