My picks: Looking for Chance to Sell JPY Crosses
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week
In the very near-term, the JPY crosses appear to have some upside potential, and one of the pairs I'm watching is AUDJPY, as a push above the recent highs at 78.25/38 is likely to be followed by a test of the June high of 80.45.
On a longer-term basis, though, I'll be looking to sell rallies in the JPY crosses as signficant risks remain for the financial markets, which can trigger quick returns to risk aversion.
