AUD/JPY Breaks ST Trendline Only
June 16th, 2009
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The AUD/JPY pair which has been trading well as the Yen has sold off some to start their fiscal year, while the Aussie has appreciated on rising commodity prices. The start of this trading week has been quite a different story with commodities selling off with great ease (forcing the AUD lower) and the Yen appreciating on weaker equity markets. The first chart shows a trendline which has held from the end of April on all pullbacks, including yesterday’s Yen rally, but was broken on a Yen rally b
