May 27, 2019 08:24: Dollar/Yen trade strategy [From Mr. TetsuEmori's newsletter]
From the investment newsletter "Real Trading Strategy by Tetsu Emori" by GogoJungle, here is a small excerpt from this morning's alert. This time, please take a look at the dollar-yen trading strategy.
We will maintain a short stance on the dollar-yen. If it does not break below 109 yen this time as well, it seems it could move back up again. Currently, the forex market is increasingly influenced by politics. In particular, Prime Minister Trump is visiting Japan this week. Under such conditions, the dollar-yen is unlikely to plunge. On the other hand, we should watch stock market trends and respond accordingly. The stock market is likely to remain resistant to declines, so the risk of breaking below 109 yen for the dollar-yen is considered low. Therefore, after any technical pullback completes, there is potential for it to resume an upward move. This movement warrants close attention. On the other hand, if it surpasses 109.80 yen, and further above 110 yen, buybacks will become more active and the market could turn upward. From the current market conditions, the risk of yen appreciation appears low.
『Real Trading Strategy by Tetsu Emori』 (Tetsu Emori)as quoted.
For Mr. Emori, it is crucial to thoroughly understand domestic political factors right now. With the upper house election approaching, the political landscape is still unclear, so caution seems necessary. (Editorial staff)
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