OctaFX | OctaFX Forex Broker
Open trading account

AUD/JPY momentarily out of favor

AUD/JPY showing very low price volatility across several time frames.

Intraday and daily AUD/JPY ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform well because they have less direction for trend following and less volatility for mean reversion. It is advised to wait for an expansion of volatility before entering AUD/JPY.

USD ISM manufacturing preview: What to expect of USD?

The USD is trading flat to negative against the major currencies in early US session ahead of the US ISM manufacturing report, which could show the activity stalled in October.
Read more Previous

General dollar weakness has shaken out much of the short TRY positioning, in our view. There is still some scope for relief if a government can be formed quickly following the elections. Any lasting recovery depends on political stability and more orthodox tightening steps from the CBT, in our view

In the view of BofA Merrill Lynch Global Research, the Turkish currency could remain vulnerable to the broader political scenario...
Read more Next
Start livechat