{"id":20887,"date":"2022-01-17T12:52:00","date_gmt":"2022-01-17T12:52:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=20887"},"modified":"2022-01-17T18:04:54","modified_gmt":"2022-01-17T18:04:54","slug":"the-audjpy-finds-support-after-completing-an-abc-correction","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/","title":{"rendered":"The AUDJPY finds support after completing an ABC correction"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20887\" class=\"elementor elementor-20887\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8b42e8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8b42e8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b08e2ea\" data-id=\"b08e2ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d11a917 elementor-widget elementor-widget-text-editor\" data-id=\"d11a917\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Forex Analysis &#8211; AUDJPY<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a56bdf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a56bdf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60d257e\" data-id=\"60d257e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2039f9 elementor-widget elementor-widget-image\" data-id=\"c2039f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"602\" height=\"280\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/CHINA-GDP.jpg\" class=\"attachment-large size-large wp-image-20890\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d5ff78 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d5ff78\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2e84ab3\" data-id=\"2e84ab3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93b3946 elementor-widget elementor-widget-text-editor\" data-id=\"93b3946\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The Asian markets were mixed overnight with the <a href=\"https:\/\/bit.ly\/3lWg2Mz\" target=\"_blank\" rel=\"noopener\">Hang Seng<\/a> dropping whereas the Shanghai Stock Exchange moved higher after China reported a slower annual rate of growth to 4.0% in Q4 from 4.9% in Q3, caused by Covid outbreaks and a slowdown in the property market. In 2021, China&#8217;s economy grew 8.1%, which by Western standards is good, but not anywhere near the pace China had been growing.<\/p><p>China\u2019s zero-covid policy is likely to keep weighing on the economy, especially considering the upcoming Winter Olympics as we saw in Japan as they held the summer Olympics. Furthermore, it may negatively impact an already stretched global supply chain, which has contributed to inflationary pressures around the world and is likely to keep doing so.<\/p><p>China&#8217;s central bank lowered interest rates for the first time in nearly two years to support the Chinese economy, in what may be seen as a &#8220;do as I say, not as I do&#8221; move. Chinese President Xi Jinping told the World Economic Forum earlier today, that sudden changes in monetary policy are likely to exacerbate the negative impact of the Coronavirus pandemic. Xi warned that inflation risks are increasing, pointing out that multiple factors, such as supply chain disruptions and the state of the energy markets, are contributing to the trend synergistically.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-146686d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"146686d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-88086b2\" data-id=\"88086b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa4dfec elementor-widget elementor-widget-image\" data-id=\"fa4dfec\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"602\" height=\"312\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/forex-5.jpg\" class=\"attachment-large size-large wp-image-20891\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-348d77a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"348d77a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e801522\" data-id=\"e801522\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-91b8949 elementor-widget elementor-widget-text-editor\" data-id=\"91b8949\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The London session has started off with the yuan gaining relative strength across most currencies, though the weaker US dollar and better than expected Chinese GDP, despite being lower than before, gave the commodity pairs, and especially the <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">AUDUSD<\/a> an early boost. There are also expectations growing for the RBA to follow the Federal Reserve and end its Quantitative Easing policy thus tightening monetary policy, which in turn supports the Australian dollar. This could happen by the end of February or the beginning of March so the AUD could re-price accordingly until then.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20ca796 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20ca796\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfa50d5\" data-id=\"cfa50d5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c59d56 elementor-widget elementor-widget-image\" data-id=\"5c59d56\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3muBo0r\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"491\" height=\"185\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/AUDJPY-CHART-1.jpg\" class=\"attachment-large size-large wp-image-20892\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bf1038 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bf1038\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6de04a1\" data-id=\"6de04a1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-be85b31 elementor-widget elementor-widget-text-editor\" data-id=\"be85b31\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>For some reason, the retail traders on the ActivTrader platform continue to be heavily invested in the demise of the Australian dollar versus the Japanese yen. The <a href=\"https:\/\/bit.ly\/3muBo0r\" target=\"_blank\" rel=\"noopener\">AUDJPY<\/a> is a great indicator for risk-on trades as the yen is a go-to for currency traders looking for a safe haven and the Aussie is one of the main higher-yielding, trending currencies, that appreciate when there is global economic growth. The RBA and BOJ monetary policies are also diverging, so there should be a higher AUD versus the JPY.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b530bc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b530bc1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-acdd6c9\" data-id=\"acdd6c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1bfa7d elementor-widget elementor-widget-image\" data-id=\"f1bfa7d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3muBo0r\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"519\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/AUDJPY-1D-1.jpg\" class=\"attachment-large size-large wp-image-20893\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1359a0aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1359a0aa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d2fb056\" data-id=\"6d2fb056\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ffe5d82 elementor-widget elementor-widget-text-editor\" data-id=\"7ffe5d82\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3muBo0r\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a54c33 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a54c33\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2285810\" data-id=\"2285810\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d7b2f8 elementor-widget elementor-widget-text-editor\" data-id=\"9d7b2f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The daily 200-period EMA acted as solid dynamic support when tested last week, and this looks to have completed an ABC correction from the significant-high printed on 5th January 2022. If this correction is now complete and we look for the bull move continuation pattern, the upside targets will be 84.30, 86.19 and 88.72.<\/p><p>If the price action were to continue going lower along with the retail sentiment, the next levels of support would be 81.05 and 80.25. Anything below there and we\u2019re looking for a test of the significant swing low and a continuation to the downside.<\/p><p>Any good news spin out of China will boost the AUDJPY and assuming the Australian unemployment data out this week isn\u2019t horrendous, the AUDJPY should continue moving higher from here on in.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Forex Analysis &#8211; AUDJPY The Asian markets were mixed overnight with the Hang Seng dropping whereas the Shanghai Stock Exchange moved higher after China reported a slower annual rate of growth to 4.0% in Q4 from 4.9% in Q3, caused by Covid outbreaks and a slowdown in the property market. In 2021, China&#8217;s economy grew [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[74,52,80,45,42,202,318,124],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The AUDJPY finds support after completing an ABC correction - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The AUDJPY finds support after completing an ABC correction The AUDJPY finds support after completing an ABC correction\" \/>\n<meta property=\"og:description\" content=\"Policymakers in Australia will be watching how well China does during the Winter Olympics, as well as how much damage is done by the current outbreaks of COVID that are affecting provinces and manufacturing supply chains. Australia&#039;s Reserve Bank is hawkish, and we expect them to keep removing QE and increase rates in 2022. AUDJPY should then respond accordingly as the monetary policy divergence between RBA and BOJ widens.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-17T12:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-17T18:04:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1140815189.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The AUDJPY finds support after completing an ABC correction The AUDJPY finds support after completing an ABC correction\" \/>\n<meta name=\"twitter:description\" content=\"Policymakers in Australia will be watching how well China does during the Winter Olympics, as well as how much damage is done by the current outbreaks of COVID that are affecting provinces and manufacturing supply chains. Australia&#039;s Reserve Bank is hawkish, and we expect them to keep removing QE and increase rates in 2022. AUDJPY should then respond accordingly as the monetary policy divergence between RBA and BOJ widens.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"The AUDJPY finds support after completing an ABC correction\",\"datePublished\":\"2022-01-17T12:52:00+00:00\",\"dateModified\":\"2022-01-17T18:04:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\"},\"wordCount\":541,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"AUDJPY\",\"AUDUSD\",\"BOJ\",\"Covid-19\",\"Fed\",\"PBOC\",\"RBA\",\"USDCNY\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\",\"url\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\",\"name\":\"The AUDJPY finds support after completing an ABC correction - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-01-17T12:52:00+00:00\",\"dateModified\":\"2022-01-17T18:04:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The AUDJPY finds support after completing an ABC correction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. Neville has worked for several brokerages and prop firms, specialising in the Foreign exchange and Futures markets and blends technical analysis with fundamentals, with a bias towards swing and intraday trade setups.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nevillehornsey\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The AUDJPY finds support after completing an ABC correction - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/","og_locale":"en_GB","og_type":"article","og_title":"The AUDJPY finds support after completing an ABC correction The AUDJPY finds support after completing an ABC correction","og_description":"Policymakers in Australia will be watching how well China does during the Winter Olympics, as well as how much damage is done by the current outbreaks of COVID that are affecting provinces and manufacturing supply chains. Australia's Reserve Bank is hawkish, and we expect them to keep removing QE and increase rates in 2022. AUDJPY should then respond accordingly as the monetary policy divergence between RBA and BOJ widens.","og_url":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-01-17T12:52:00+00:00","article_modified_time":"2022-01-17T18:04:54+00:00","og_image":[{"width":504,"height":297,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1140815189.jpg","type":"image\/jpeg"}],"author":"Neville Hornsey","twitter_card":"summary_large_image","twitter_title":"The AUDJPY finds support after completing an ABC correction The AUDJPY finds support after completing an ABC correction","twitter_description":"Policymakers in Australia will be watching how well China does during the Winter Olympics, as well as how much damage is done by the current outbreaks of COVID that are affecting provinces and manufacturing supply chains. Australia's Reserve Bank is hawkish, and we expect them to keep removing QE and increase rates in 2022. AUDJPY should then respond accordingly as the monetary policy divergence between RBA and BOJ widens.","twitter_misc":{"Written by":"Neville Hornsey","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/"},"author":{"name":"Neville Hornsey","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85"},"headline":"The AUDJPY finds support after completing an ABC correction","datePublished":"2022-01-17T12:52:00+00:00","dateModified":"2022-01-17T18:04:54+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/"},"wordCount":541,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["AUDJPY","AUDUSD","BOJ","Covid-19","Fed","PBOC","RBA","USDCNY"],"articleSection":["Forex"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/","url":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/","name":"The AUDJPY finds support after completing an ABC correction - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-01-17T12:52:00+00:00","dateModified":"2022-01-17T18:04:54+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/the-audjpy-finds-support-after-completing-an-abc-correction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"The AUDJPY finds support after completing an ABC correction"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85","name":"Neville Hornsey","description":"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. Neville has worked for several brokerages and prop firms, specialising in the Foreign exchange and Futures markets and blends technical analysis with fundamentals, with a bias towards swing and intraday trade setups.","url":"https:\/\/youtrading.com\/en\/author\/nevillehornsey\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/20887"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=20887"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/20887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/4818"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=20887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=20887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=20887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}