A.M. Look 9/16/25

FX is getting interesting.

AUD/JPY has been consolidating for 5 decades.

I’ve been quite focused on the Aussie since it has directly correlated to Risk assets over the decades.

When the correlation is positive it proves to be great indicator for Commodities and other risk assets.

Euro is banging into the qtrly cloud.

Buy hard breaks not strength.

GBP/CHF has retested its 2011 breakdown level. In general the entire board is extended.

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