LONG (BUY)
AUD/JPYSL ๐ @: (ONLY VIP
)TP
@: (ONLY VIP )Recommended Entry Range
112.000 - 112.050โบ JPY gains have gone quite far today as expectations increase that the Bank of Japan will remain on course for higher rates. A September rate hike is expected, while some analysts even expect a 50-basis-point hike - which is in reality extremely unlikely, as it would trigger a shock reaction, weigh on the Japanese economy, and sharply increase debt costs.
โบ We want to trade the upside potential in the AUD here. We could also trade it against a more neutral currency such as the CHF, but we generally see significant short-term correction potential in the JPY.
โบ We are seeing improved risk sentiment as expectations for rate hikes in the US have declined. At the same time, we saw significant gains in commodity prices, which is positive for the AUD - although I see further upside in oil prices as limited.
โบ In Australia, GDP in Q2 2026 increased by 0.4% QoQ and 2.1% YoY, beating expectations in both cases. At the same time, the RBA remains focused on tackling inflation.
โบ AUD/JPY is currently trading around 112.000. We see significant upside potential from here. We are also using an SL ๐ in any case in case of further intervention measures from Tokyo.
AUD/JPY: Multiply your usual trade size by ~1.2โ1.5x (120%โ150%).
position code / 100% transparency - 26090306A
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