While the AUD strength is generally referred to the Gold performance and the high yielding status of the currency and the JPY weakness is generally referred to its 'funding' status and overall Equity Indices' performance - here is a nice chart combining the two:
The AUD/JPY Trend Channel is clearly defined and the 21-Day serves as an obvious navigation tool. While we saw we saw the S&P 1212 highs broken here we can safely assume we are looking for new highs above the 88 level. The longer-term 200-Day MA is also turning up its slope so it only points into confirmation of acceleration of the current trends.
The AUD/JPY Trend Channel is clearly defined and the 21-Day serves as an obvious navigation tool. While we saw we saw the S&P 1212 highs broken here we can safely assume we are looking for new highs above the 88 level. The longer-term 200-Day MA is also turning up its slope so it only points into confirmation of acceleration of the current trends.
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