The case for USDJPY longs is strong:
1) Strong support area
2) Strong correlation with 10Y yield differential (shown in white). This differential should increase dramatically in the next few weeks/months.
3) Speculative interest is no longer at its highest levels.
4) Other risk assets (e.g. equities) remain well supported.
The market can remain irrational for longer than 'makes sense'.
However these are the opportunities to make real money.
1) Strong support area
2) Strong correlation with 10Y yield differential (shown in white). This differential should increase dramatically in the next few weeks/months.
3) Speculative interest is no longer at its highest levels.
4) Other risk assets (e.g. equities) remain well supported.
The market can remain irrational for longer than 'makes sense'.
However these are the opportunities to make real money.
Note
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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.