USDJPY - Hangman Reversal (600 pip)
Dollar (USD) has been extremely strong, however has come to a point of resistance and risk.
US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves.
Yen (JPY) has been been on the other side of this coin and it has been nothing but weak.
This is at a potential changing point with new administration in Japan, expected rate hikes coming from BoJ and shifting global trends.
This will be highly data-driven trade. Can be invalidated or in-the-money extremely quickly.
US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves.
Yen (JPY) has been been on the other side of this coin and it has been nothing but weak.
This is at a potential changing point with new administration in Japan, expected rate hikes coming from BoJ and shifting global trends.
This will be highly data-driven trade. Can be invalidated or in-the-money extremely quickly.
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