HSBC says to sell AUD/JPY
Look for the RBA to push back
Analysts at HSBC said the RBA isn't pleased about the stronger Australian dollar and will push back against the currency and tighter financial conditions.
They say selling the pair (spot at 85.37) with a target of 80.58 is their favourite trade. They expect rising risk aversion to help the pair get their.
They have a stop at 86.58.