Forex | Forex | Risk Aversion Overnight from Plunging Chinese Stocks Reversed Somewhat in NY Trading (31/08/2009 22:49:57)

Risk Aversion Overnight from Plunging Chinese Stocks Reversed Somewhat in NY Trading

   AUD/JPY - Carry Trade Slides on Plunge in Chinese Stocks We begin with the Aussie-Yen pair to show the increase in risk aversion to start this week. The pair extended its decline from late Friday to the 77.50 area. That level provided some support, and the pair managed to cut its earlier losses for the most part. With today’s low being higher than last week’s major low we are setting up an upward sloping line of support for the pair. The decline in the pair was led by a drop the


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