USDJPY - Bullish Bias
USD - BULLISH
1️⃣ Market participants remain cautious ahead of the US Federal Reserve’s FOMC policy meeting.
2️⃣ While the Fed is unlikely to announce any changes to its policy, some analysts expect the Fed to acknowledge an improving outlook on growth, while defending its policy to let inflation run hot.
JPY - BEARISH
1️⃣ The JPY undermined by higher US Treasury yields.
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Technical
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- We are buying the USDJPY on RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Market participants remain cautious ahead of the US Federal Reserve’s FOMC policy meeting.
2️⃣ While the Fed is unlikely to announce any changes to its policy, some analysts expect the Fed to acknowledge an improving outlook on growth, while defending its policy to let inflation run hot.
JPY - BEARISH
1️⃣ The JPY undermined by higher US Treasury yields.
=====
Technical
=====
- We are buying the USDJPY on RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed manually
✅ CLOSE MANUALLY AT 108.900+4 PIPS
Close order ahead FOMC rate decisions.
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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.