hello.i am still learning.....please anybody can tell me what the influence of nikkei to the usd/jpy pair???/
{quote} Hello Kanchmadush.... Hmmm Nikkei positive correlation with UJ started with Financial crisis..... from 2007..... Basically it depends on investors risk appetite........ and Central Bank's monitory policy.... Risk appetite: JPY one of the safe haven assets for investors.... Risk off: when Investors not sure about country's economy or geopolitical issues they dont wanna take a risk to buy a company's stock because of potential political unstability or economic problems company may not do well and stock price may fall.... Thus it's better to...
{quote} Chinese data from Sunday behind this bearish move...... The Japanese Yen pushed higher, adding as much as 0.3 percent against the majors. The move tracked a drop on most Asian stock exchanges as signs of slowing momentum in the world’s second-largest economy fueled risk aversion, driving an unwinding of carry trades funded in the perennially low-yielding currency. http://www.dailyfx.com/forex/fundame...0000000NbTwAAK...
Despite the recent positive economic data from Japan, the Nikkei 225 index appears to have posted a devil's run, illustrated by three red candles, with each of the last two opening and closing above the previous opening price, thereby creating a bullish run on the daily chart driven by three bearish candles. At this point, this appears to be a false run, which could trigger a major pullback to 16735 levels in the next few days. A stop loss at 17980 would be ideal. {image}
{quote} Hi, done on Nifty, great trade.....+320 pts {image}
