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.
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.
הערה
Looking short on pops.הערה
And make sure you are locking in gains (reasonable to use trail stop) along the way.הערה
Still no new longs, only shorts on larger rises.
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Free Discord Secret Server:
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Posts Not financial advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.