Bank of America Merrill Lynch FX Strategy Research points to a bearish AUD/JPY signal from its proprietary flows analysis.
"Real money has been selling AUD/JPY at an accelerating pace in the last four weeks, according to our proprietary flows.
The AUD/JPY position is slightly long. These flows point to downside risks for AUD/JPY in the short term," BofAML argues.
Source: Bank of America Merrill Lynch Rates and Currencies ResearchOriginal Article
