Crazy YEN

Many news trader have tried news trading JPY. Several days ago, they have a rate hike and what happened to YEN? They have a good economic news and what happened to YEN? The reactions where either flat or totally opposite.

As I have long said and again repeat, YEN do not react to Japanese news and instead react very well to Chinese News!

Just a while ago, Chinese Central Bank increased Interest Rates and with it, YEN strengthen 60+ pips vs USD.

Go figure.

If you think that's crazy, take a look at E/J

That's spon on!!!!

I learned the hard way. so my advise to traders that are new to JPY is to be very careful when trading on news.

By the way, I love you nickname....BUT IT MAKES ME HUNGRY.....

And of course the Japanese government likes to intervene and suppress the currency. I find it very difficult to trade the JPY pairs. And if I can give any kind of advice, please close you trades over weekends, I’ve seen this one jump far below stops!!!