USD/JPY Trade Idea

1 באפר׳ 2020

The dollar has very little reason long term to be gaining massive amounts of strength due to the massive affect the corona virus is having on the US economy. The Jen is a safe heaven currency for investors making it a popular currency to invest long term into. This makes it a valid reason to short USD/JPY. Following the trend on the 4Hour time frame also gives us an indication towards shorting the pair.