In this trading session, I noticed that AUDJPY was showing strength…Now the reason I mention AUDJPY is this is a common pair that Hedge funds and institutional traders like to use when they are seeking risk-on sentiment. The principle says that when hedge funds want to take on risk, they take dollars (low-yielding asset) convert it into AUD (high-yielding asset), take the AUD (Australian dollars), and buy assets like stocks, currencies, crypto, and bonds)