Joined Jan 2005
|
Status: Keep Learning
|1,180 Posts
Well, I can't see this on the charts. The interest rate differential might be a reason although I see that the rate of rising vs the rate of falling is almost the same.
What I am actually seeing right now is that it's a great time to short the EUR/JPY. The pair is approaching all time highs and failing to break those highs, and generally I am bullish over the JPY, that's why I see that the pair is a great long term short. The GBP/JPY is a nice short too, but the interest rate differential is very high in the GBP/JPY, that's why I prefer the EUR/JPY.
