My picks: Buy AUD/JPY @ 75.50
Expertise: Global Macro
Average Time Frame of Trades: 1 week
The AUD/JPY has been trending higher in a beautiful channel and I expect the Aussie to rally further against the Japanese yen to possibly test 80.40, the 2009 high. However, this is just a short-term trading opportunity and not a long term forecast. In fact, I expect higher yielding commodity currencies to be vulnerable going forward because the current model of economic growth, which has been driven by stimulus plans and tax-payers money, cannot last forever.
