USDJPY Explained Simply: How To Understand/Trade The Move

3 ก.ค. 2024

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.

3 ก.ค. 2024

บันทึก

Holding off anything new. Only very light re-shorts at highs. Longs will only come considerably lower.

9 ก.ค. 2024

บันทึก

See update for clear plans:

11 ก.ค. 2024

บันทึก

Fall caused by USD sentiment. Remember, rate differential remains large.

14 ก.ค. 2024

บันทึก

Rumoured BOJ Intervention^

22 ก.ค. 2024

บันทึก

Strength in JPY persists.

Awaiting further news for further bias, likely nearer BOJ/FED EOM.

23 ก.ค. 2024

บันทึก