February 22, 2019 08:33: Dollar-Yen trade strategy [From Mr. Tetsu Emori's email newsletter]
GogoJungle's investment newsletter "Joumo Satoshi's Real Trading Strategy" by Satoshi Emori, from this morning's issue, a small excerpt is introduced. This time, please look at the trading strategy for USD/JPY.
We will maintain a short position on USD/JPY. It remains range-bound and trendless. Until there is a change in the external environment, movements around the current level are likely to continue. However, the stock market seems poised to move soon. It will be important to carefully assess what USD/JPY does at this timing. We will watch whether it breaks toward 110.65. A rise up to 111.55 is within the realm of possibility, but we do not expect a breakout beyond that. If it breaks above, we would need to revise all of our previous projections. On the other hand, if it falls from 110.20 toward 110, the underlying trend would clearly turn downward. I would like to keep an eye on the movements of the U.S. market over the weekend.
"Joumo Satoshi's Real Trading Strategy" (Satoshi Emori)as quoted.
Next week, with a summit between the U.S. and North Korea and U.S.-China trade talks on the horizon, Emori says political movements are likely to have a large impact. Additionally, U.S. economic indicators are beginning to come in weaker than expected, signaling emerging risks. It seems necessary to reassess investment strategies. (Editorial department)
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