U.S. Dollar / Japanese YenUpdated USDJPY Explained Simply: How To Understand/Trade The Move
USDJPY has rallied continuously because there is a main long side bias within the different interest rates between the two economies, the US being much higher.
It must be understood that buying of Yens only occurs with a good reason, of which, at the moment, there is none. Talk of intervention, is only talk.
You can get better entries with a bit of this understanding and basic economics.
It must be understood that buying of Yens only occurs with a good reason, of which, at the moment, there is none. Talk of intervention, is only talk.
You can get better entries with a bit of this understanding and basic economics.
Note
Holding off anything new. Only very light re-shorts at highs. Longs will only come considerably lower.Note
See update for clear plans:
Note
Fall caused by USD sentiment. Remember, rate differential remains large.Note
Rumoured BOJ Intervention^
Note
Strength in JPY persists.Awaiting further news for further bias, likely nearer BOJ/FED EOM.
Note
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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.