Trade AUD/JPY with Fondex
Thinking of trading AUD/JPY?
- 1. Because the regions have overlapping time zones, any speculation that the interest rate in either country will be changed will lead to a disproportionate effect on both currencies. This is a perfect opportunity for fundamental traders to make the most of one country's interest rate news affecting the price of the counterparty currency minutes after it happens. 2. The difference in Interest rates tends to be the greatest among any other currency pair. In January 2019 Australia's interest rate was 3. 25%, whereas Japan had 0.10%. Hence, it can be said that the currency has a strong long (upward) bias.
Trading CFDs involves significant risk of loss