November 02, 2018 08:31: Dollar/Yen Trade Strategy [From Mr. Satoshi Emori's Newsletter]
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From the investment newsletter "Real Trading Strategy by Tetsu Emori" provided by GogoJungle, here is a small excerpt from this morning. This time, please take a look at the trading strategy for USD/JPY as the dollar outsells and falls to the upper 112 yen range.
We will maintain long USD/JPY. However, if you are concerned about instability ahead of the U.S. jobs data, you may close the position once. Looking at today’s forex market, it seems there has been considerable position adjustment relative to previous moves. As a result, every currency seems to have experienced large fluctuations. With the U.S. midterm elections coming up next week, there appears to be a move to gradually reduce positions. If that happens, market volatility may actually decrease. The market is currently very uncertain. Therefore, you should trade with quite a bit of leeway.
From “Real Trading Strategy by Tetsu Emori” (Tetsu Emori) quoted.
Today, U.S. nonfarm payrolls data is due, and next week on November 6 the U.S. midterm elections will be held. Both events could cause sharp currency movements depending on their contents, so please exercise careful position management. (Editorial department)
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