July 12, 2018 08:33:USD/JPY trade strategy［From Mr. Tetsu Emori’s newsletter］
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Concerns over U.S.-China trade frictions have flared up again, U.S. stocks fell for the first time in five days, and crude oil prices also fell sharply. In light of this, how will the foreign exchange market move? From the morning's issue of the investment newsletter "Tetsuya Emori's Real Trading Strategy" by Tetsuya Emori, provided by GogoJungle, here is a small excerpt.
The USD/JPY long positions remain. It has clearly surpassed the high of May 21 at 111.39 yen. The next target, then, is the 113.50 yen level. Also, the upper bound of the July bearish scenario range is 112.02 yen. If this is surpassed, it will return to a neutral level. Of course, to enter a bullish scenario, it will be necessary to exceed 114.67 yen. This is a pretty high hurdle. With that in mind, we will calmly monitor where the market shows signs of becoming overbought and where it stalls. That said, the trend is leaning quite strongly toward a stronger dollar. For now, following this movement is prudent.
引用 from “Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori).
Amid the risk that a full-blown U.S.-China trade war could unfold, all eyes are on whether the dollar’s strength will continue to accelerate. (Editor)
USD/JPY, 1-hour chart.
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