The RBA has been the most bullish of central banks in recent months, hiking rates when others are still in QE and generally giving out a bullish view of the global economy. They have now seen fit to stop hiking rates and they have done so because of global conditions, not local. If the bullish insiders turn cautious then we should also!
I will only now buy EUR/JPY if 124.50 is re-tested and holds (and then only with a tight stop), I will look to buy dips back towards .8650 in the EUR/GBP and I will stick with my bearish AUD/USD strategy and see how all this pans out.
