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AUDJPY bouncing off key weekly trend line

AUDJPY

AUDJPY is the go to  global risk on and risk off pair. When the world is feeling risk averse we see the AUDJPY falling. This week starts very quiet, but with risk marginally tilted on. 
Equity futures higher..

But yields lower… Strikes a cautionary note)

AUDJPY bouncing off key trendlne

We would need to see more risk on sentiment to lean against it. The risk on rally is looking pretty stretched now.  Still, worth looking at it in case we get a clear risk sentiment shift this week. 

Source: Technical analysis

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