Short term Short/ Long term Long
Aussie dropped as expected from the beginning of the week against Yen after a strong rally. This retracement might continue for next few days as BOJ in not planning to add any stimulus. Commodities might pick up and that can drive Aussie higher.
From technicals perspective 50% Fib retracement with support zone might be a good buying place for a longer term carry trade.
From technicals perspective 50% Fib retracement with support zone might be a good buying place for a longer term carry trade.
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