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.

Bình luận:

Looking short on pops.

Bình luận:

And make sure you are locking in gains (reasonable to use trail stop) along the way.

Bình luận:

Still no new longs, only shorts on larger rises.