- Following the risk-off start to the week, Breaking: Trump’s threat to lift tariffs on Chinese imports sends risk assets into reverse, Yen is 0.34% higher vs dollar, the FX space’s risk barometer is making the case for an upside opportunity.
- Stochastics divergence is making the case for a possible 50% mean reversion back to the daily support line circa 77.50.
1HR Chart AUD/JPY stochastics divergence
Daily AUD/JPY cementing the case for mean reversion on stochastics oversold readings