- Analytics
- News and Tools
- Market News
- AUD/JPY to court higher targets into 96.55-97.30 – DBS Bank
AUD/JPY to court higher targets into 96.55-97.30 – DBS Bank
AUD/JPY has staged an impressive 15% rally since the onset of the Russia-Ukraine conflict. In the view of Benjamin Wong, Strategist at DBS Bank, the pair is poised to reach higher grounds.
Acute JPY weakness is the driver for the ongoing AUD/JPY rally
“Acute JPY weakness has seen the cross gain momentum through the break and validation of the neckline of a bullish and broadening inverse head-and-shoulders pattern at 86.25.”
“The cross’ advance is within a long-term triangle pattern; unless the cross sustains losses under 89.45, it will court higher targets into 96.55-97.30.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
