USDJPY is on a strong bullish rally, mainly due to the weakening of the Japanese yen. If you decide to chase the bull, beware of getting caught in the act.
That's because the Japanese Yen has reached the BOJ intervention zone. I think the real worry comes in when the market strikes the 161.93 to 163.26 range, and the intervention would be imminent.
Without any intervention for the next 1 to 2 weeks, I will call the Bluff on BOJ.
Stay away from this pair if you are not a Forex Trading veteran.
That's because the Japanese Yen has reached the BOJ intervention zone. I think the real worry comes in when the market strikes the 161.93 to 163.26 range, and the intervention would be imminent.
Without any intervention for the next 1 to 2 weeks, I will call the Bluff on BOJ.
Stay away from this pair if you are not a Forex Trading veteran.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
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🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
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Live session & Trading Tips on the GO
instagram.com/raynlim/
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.