USDJPY: Where Next And What's Going On With The Yen/BOJ..
Hey Traders,
JPY Forex pairs are the absolute best example of the effects of sentiment as it changes based on rhetoric and actions from a central bank.
If you look at most Yen pairs, you can see they have lost value consistently over time. The BOJ is only happy for this to occur to a certain point as it becomes unsustainable.
This weakening is due to the negative rate policy that the BOJ has had for a long time. In the Asian Session earlier, we saw BOJ comments regarding negative rate stimulus and wage demands being factored in.
From a Technical perspective it has and will likely remain short as the larger impetus is thrown into the mix.
Looking to short any pops and ride down.
JPY Forex pairs are the absolute best example of the effects of sentiment as it changes based on rhetoric and actions from a central bank.
If you look at most Yen pairs, you can see they have lost value consistently over time. The BOJ is only happy for this to occur to a certain point as it becomes unsustainable.
This weakening is due to the negative rate policy that the BOJ has had for a long time. In the Asian Session earlier, we saw BOJ comments regarding negative rate stimulus and wage demands being factored in.
From a Technical perspective it has and will likely remain short as the larger impetus is thrown into the mix.
Looking to short any pops and ride down.
Note
Looking short on pops.Note
And make sure you are locking in gains (reasonable to use trail stop) along the way.Note
Still no new longs, only shorts on larger rises.
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Posts Not financial advice.
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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.
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.