April 19, 2019 08:17: Dollar-Yen trading strategy [From Mr. Tetsu Emori's newsletter]
From the investment newsletter "Real Trading Strategy by Tetsuya Emori" by Emori Tetsuya, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please view the dollar/yen trading strategy.
The USD/JPY will be shorted for now. With 112 yen becoming a resistance and a technical sense of being overbought, a short-term decline could come at any time. It is a situation where moves cannot proceed without a trigger, but we will deliberately short to prepare for a rapid drop risk. The upside of U.S. stocks is also losing steam. If this downward move occurs, the downside risk will rise rapidly. As demand for safe-haven assets increases, and since there is a buildup of yen shorts, a swift buyback could proceed. Also, there has been increasing coverage of the Japan-U.S. trade talks and exchange rate provisions. If there is a mismatch in understanding between Japan and the United States, there could be downward pressure on the yen. If statements from the U.S. regarding exchange rate provisions become clearer, the market may preemptively sell. This should be watched carefully.
『Real Trading Strategy of Tetsuya Emori』 (Tetsuya Emori)Quoted from.
Emori-san says it is okay to hold positions overnight if a system is in place that can trade during the 10-day holidays. While the trends in Japan-U.S. trade talks are of concern, it seems most important to first outline the near-term strategy for the Golden Week (GW). (Editorial department)
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