Why The UJ Is Sprinting Back To Highs (Simple Macro Eco)
The latest fall for the USDJPY has come off the back of general USD weakness, flowing from continued positive data (easing plans from FED dragging demand for USD).
The fall, did not strictly come from any talk via the BOJ, although there has been some across the wires, it has shown absolutely no real direction yet.
As rates are higher, demand flows straight back to USD. Any actual action from the BOJ is what will bring the pair down.
Areas drawn for entries/exits.
The fall, did not strictly come from any talk via the BOJ, although there has been some across the wires, it has shown absolutely no real direction yet.
As rates are higher, demand flows straight back to USD. Any actual action from the BOJ is what will bring the pair down.
Areas drawn for entries/exits.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.