Week in FX Asia – Aussie And Yen Remaining The Whipping Currency Of Choice

AUD and JPY bore the brunt of the markets negativity again this week and are forcing the interested parties to reconsider their recent forecasts. The might of Abenomic has been well covered in detail and remains a work in progress for the Bank of Japan. The Aussie thus far reasons are being thrashed out. The currency from 'down-under' is finding fault with its own country's deteriorating economic fundamentals, falling commodity prices and slower Chinese economic activity. In theory the likelihood that the global search for yield will also decline as global growth recovers.



One week on, and the worlds most crowded and talked about trade continues to go deep. Being supported on pullbacks has outright ¥ now eyeing ¥103 as its next intended target. With the market looking towards the eventual end of QE by the Fed has given ¥ the green light to be slammed in the wake of the Bank of Japan's efforts to stimulate its own domestic economy through its bond-buying...