lots of compression in AUD/JPY and AUD/USD going in to asia this morning. A break below 250 in AUD/USD could run for a bit a give a good price to look for longs after the dust settles.Ignored
DislikedOne more question Domino regarding AUD:
"In the 12-month rate outlook, we see the market is now pricing in a 141 bps of rate cuts and it further fully expects at least a 25 bps rate cut at its next meeting" (this is just a quote from dailyfx, the market is factoring in about a 20% chance of a cut next meeting in my opinion)
Does this sort of stuff mean you would hold off on longs or keep chasing the yield?