Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
Sell AUD/JPY
2019-11-11 • Updated
According to the NAB Research, the AUD/JPY pair will break support levels displaying the strong yen and the weak Australian dollar. The break below the psychological level at 80.0 will bring the AUD/JPY pair to the September low of 75.9.
Be careful as the yen is going to strengthen against other currencies as well. We can expect USD/JPY to move down in the coming months too.
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