August 31, 2018 08:34: Turkish Lira/Japanese Yen trading strategy [From Mr. Tetsu Emori's newsletter]

From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small portion from this morning's dispatch. This time, please take a look at the trading strategy for the Turkish lira-yen that is once again approaching the lowest price range.

We will maintain a short position on the Turkish lira / yen. There is room for decline, so we will maintain it until it surpasses 17.25 yen. However, if you are not comfortable, there is no need to force a position. Emerging market currencies are highly volatile, so keep position size to less than a quarter of major currencies.

From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)引用。

We are seeing accelerated downside momentum following reports that Deputy Governor Kilimi of the Turkish central bank is headed toward retirement, making this a situation you can't take your eyes off. (Editorial staff)

Turkish lira / yen, 1-hour chart.

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