AUDJPY on the UP
Despite Japanese 10 Year yields tripling in recent weeks, (Up from 0.02% to 0.06%) that increase is well below the rise in the Australian Ten Year Yields.
As a result the "carry trade" gap between the two ten year year rates is increasing steadily and likely to continue to do so. All other things being equal should support further growth in the AUDJPY pair.
As a result the "carry trade" gap between the two ten year year rates is increasing steadily and likely to continue to do so. All other things being equal should support further growth in the AUDJPY pair.
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