AUD/JPY Shoots For 100

Last time the aussie crossed 100.00 it failed to close on a weekly time frame and collapsed quickly thereafter falling 600 pips the next week, and 44% over the next three and a half years down to 56. After six years of recovery, today AUD/JPY pushes to new highs printing at 93.18, a place it has not seen since right after the crash in 1997. Signs points to higher with the expected continuance of the large yield spread between the two currencies.