ANZ bank says THIS is the pair to sell next week!

In a note addressed to clients, ANZ identifies the best trading opportunity for next week.

"In view of the BoJ's policy statement this week, we believe that a test under 100 JPY is possible, and it probably means that the AUD/JPY will also go down.

The most important fact for the AUD/JPY will be Japanese investors' reaction to a steeper yield curve and positive long-term rates.

A rise in JPY rates could mean that Japanese appetite for foreign bonds is somewhat on the decline. This should remove a source of support for currencies like the AUD".

ANZ therefore recommends its customers to sell the AUD/JPY next week.