Over the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improving global risk sentiment and a relatively buoyant commodities sector concerning Australian exports.
Technically, the price has powered to a new 4-year high price, but bulls should be warned this currency cross can turn sour very quickly, especially if there is any surprising escalation in Ukraine.
Technically, the price has powered to a new 4-year high price, but bulls should be warned this currency cross can turn sour very quickly, especially if there is any surprising escalation in Ukraine.