Bullish divergence.
Some political risk premium is being priced in to EUR,
However fundamentals for EUR remain strong vs JPY.
Furthermore, I believe the recent JPY strength is due to Japanese profit repatriation and fiscal year end flows, rather than true risk aversion.
This is a GREAT trade for the long term. I may hold this until we see 140.
I will scale in if it goes lower.
I think it will play out after February ends.
Some political risk premium is being priced in to EUR,
However fundamentals for EUR remain strong vs JPY.
Furthermore, I believe the recent JPY strength is due to Japanese profit repatriation and fiscal year end flows, rather than true risk aversion.
This is a GREAT trade for the long term. I may hold this until we see 140.
I will scale in if it goes lower.
I think it will play out after February ends.
Note
Working wellNote
Nice, take 30% profit nowNote
Nice, take another 30% off
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.