AUD/JPY

With eyes glued to the Fed’s rate decision and subsequent press release , Australia’s interest rate announcement didn’t get enough attention. As I recommended yesterday, the AUD/JPY proved a great opportunity; one of the best of the past 24 hours.

 At 5:00 PM ET yesterday, the pair hit a low of 100.81 reacting to the US announcement. When the RBA announced its rate hike at 7:30, the pair made a large jump. Erasing some of its gains within an hour, the pair started an upward trend that it would continue through today. 24 hours later it hit a high of 103.40 marking a 200+ pip movement.