Trading the USD/JPY - Week of 7/708
This week may provide unique opportunities to trade the USD/JPY.
Our bias on the fundamental level is modestly bullish, expecting the G8 meeting to boost the pair. Any communication verbalizing the need for USD strength could send the USD/JPY up beyond the 108.70 region and up towards 110.00.
However, and please take note, a lack of reference to further USD weakness could send the dollar spiraling downward. This is a real possibility. Especially recognizing that US Equities are in a bear market.
Any and all trades taken by us will be on the technical basis, and we will attempt to include charts.
We will update this thread regularly to detail our plans on trading this pair.
Comments are welcome.
Please include charts when possible
This week may provide unique opportunities to trade the USD/JPY.
Our bias on the fundamental level is modestly bullish, expecting the G8 meeting to boost the pair. Any communication verbalizing the need for USD strength could send the USD/JPY up beyond the 108.70 region and up towards 110.00.
However, and please take note, a lack of reference to further USD weakness could send the dollar spiraling downward. This is a real possibility. Especially recognizing that US Equities are in a bear market.
Any and all trades taken by us will be on the technical basis, and we will attempt to include charts.
We will update this thread regularly to detail our plans on trading this pair.
Comments are welcome.
Please include charts when possible