From next week, I will began to include AUD/JPY weekly analisis.

The benefit from AUD/JPY is, that you can do carry trade there. For people who still do not know what carry trade is, or how we can use it with forex, explanation follow.

The interest rate in Japan is 0.5 %. You selling JPY @ 0.5 % and buying AUD. I am not sure what is the interest rate in Australia, but is 6 or 7%. And because you buying AUD, you receive those %%% each day, and paying just 0.5%. Difference come to your account.

All this is done automaticly from your broker.

So lets begin :-)

First the AUD/JPY weekly chart.
We have long term support @ 100.

Daily chart AUD/JPY:
I expected the price to drop to 103 and to find support there. Looks like the support is broken. Beside support @ 100, we have support @ ~101, and 97.

Daily chart USD/JPY:
We have very nice channel here @ ~121. Price must fall to the bottom of the channel, then to go up.