AUD/JPY approaches September low, adds to another troubling spot for risk

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AUD/JPY is often seen as a key barometer for risk sentiment


AUD/JPY is on the verge of testing the September low @ 78.68 now as the yen gains traction across the board. The low today touches 78.72 and a firm break below the year’s low so far would send negative signals across asset classes — exacerbating the risk off mood further.
The pair is often seen and referred to as one of the key barometers for risk sentiment in markets and headlines of the pair breaking to lowest levels since November 2016 won’t bode well for investor optimism on the day.



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