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AUDJPY Analysis Post BOJ Yen move

January 18, 2023
by Joseph Jeffriess, Market Analyst

AUDJPY jumps after BOJ leaves yield curve range untouched.

In today’s update, we will analyse the daily AUDJPY after the BOJ left the yield curve as is after last month’s shock adjustment. The market may have been looking for further moves today, which might be why we saw heavy selling on the Japanese Yen.

Today’s video analysis runs over the last move price action after the shock sell-off and today’s rally. Are a series of higher lows starting to tell us that the market is trying to start a new trend? Today buyers have beaten the range, but we would like to see 91.70 and 93 beaten to show buyers have a new trend underway.

AUDJPY Analysis Video

Enjoy your Wednesday, and good trading.

All times are AEST.