Hi everyone,
I'm just curious about something. I've been holding onto a USD/JPY trade for the past couple days hoping to get back into positive territory and luckily enough I did. I was also holding it because of the news coming out today. I had a very strong feeling it wouldn't be good. But when the Non-Farm, Unemployment, and Avg Hour wage, a big pull south was reversed. Two of the three announcements would be considered negative, Non-farm and Avg hour, and the unemployment was steady. I'm just wondering why these things didn't continue to pull the pair down further? I will continue to hold the trade for the rest of the day in hopes it will drop again, but if there's any information you can offer me as to why negative information created positive movement, that would be greatly appreciated.
FkF
I'm just curious about something. I've been holding onto a USD/JPY trade for the past couple days hoping to get back into positive territory and luckily enough I did. I was also holding it because of the news coming out today. I had a very strong feeling it wouldn't be good. But when the Non-Farm, Unemployment, and Avg Hour wage, a big pull south was reversed. Two of the three announcements would be considered negative, Non-farm and Avg hour, and the unemployment was steady. I'm just wondering why these things didn't continue to pull the pair down further? I will continue to hold the trade for the rest of the day in hopes it will drop again, but if there's any information you can offer me as to why negative information created positive movement, that would be greatly appreciated.
FkF