I have had a position in AUD/JPY for awhile now to me the macros look good. I know there is some talk about Fed raising rates while AUD is setting on their hands and that over hype to me of the Japanese Economy doing great....
The recent month or so the decline of AUD/JPY has me confused I just can't put my finger on why it is such a selloff. So I thought to myself hey why not get some opinions from my friends at forex factory.
To me, it appears to be a massive overreaction or maybe smart money is pulling out to reinvest elsewhere. Either way, I am glad to hear others opinions of anyone else who has been following it.
The recent month or so the decline of AUD/JPY has me confused I just can't put my finger on why it is such a selloff. So I thought to myself hey why not get some opinions from my friends at forex factory.
To me, it appears to be a massive overreaction or maybe smart money is pulling out to reinvest elsewhere. Either way, I am glad to hear others opinions of anyone else who has been following it.