September 7, 2018 08:21: USD/JPY trading strategy [From Mr. Satoshi Emori's newsletter]
0
From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's release. This time, please take a look at the trading strategy for USD/JPY that fell to the mid-110s.
We will unwind the long USD/JPY position. The sense of direction has faded. It is moving downward, but the trend is not clearly defined. Therefore, we will temporarily exit the position for risk management. If the yen strengthens and breaks below 110.30, we will judge that USD is accelerating lower and consider going short. As with the previous time, even if it breaks below 110, it has quickly recovered. We will calmly monitor whether this time will follow a similar pattern. Depending on the outcome of NAFTA negotiations and trade talks with Europe and China, there is potential for further downside or a move higher. It is crucial to be prepared for both possibilities.
Quoted from “Tetsu Emori's Real Trading Strategy” (Tetsu Emori).
Today is the US Employment Situation release day. While the outlook is for strong data, what will the results be? Let's pay attention to the details. (Editorial staff)
USD/JPY, 1-hour chart.
× ![]()
