What's the best pair to express a risk-on view?

Risk-on expressions: long AUD/JPY, short USD/JPY, long high-beta crosses. The choice depends on which flavour of risk appetite you expect.

What's the best pair to express a risk-on view? — risk-reward diagram
A risk-reward ratio of 1 to 2

Post yours:

  • the pair and the reasoning
  • how it tracked recent risk-on days
  • the risk-on rally that left it behind
What's the best pair to express a risk-on view? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Background: risk-on risk-off explained and commodity currencies.

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