AUDJPY: Risk Aversion

Thursday, April 16, 2009

It's likely, with the bad jobs and housing starts news this morning, that risk aversion will come into play.Basically, the AUDJPY is a good indicator of fear in the markets these days.With all that said, I'm still going to watch closely for a bounce of the potential support line. That is likely to be the point that the market decides to rally or collapse for the day.... continuing ... I don't