November 06, 2018 08:23: Dollar/Yen Trade Strategy [From Mr. Satoshi Emori's newsletter]
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From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning. This time, in a mood of watching closely, please view the trading strategy for USD/JPY, which is trading in the early 113 yen range.
We will maintain a long USD/JPY position. The upside has become heavy. First, we will wait for the results of the June 6 U.S.-China elections. It may not be necessary to take on a position, but if there is a sharp drop, we will be prepared to close out while maintaining the position. If the rate falls below 113, selling pressure is expected to emerge for a while. Elections are uncertain, so attempting to forecast the results in advance and betting on them is not reproducible, so it is better not to do so. We should approach this with a natural stance. If you feel uneasy, not holding a position is also an option. That may reduce psychological burden and could be considered prudent.
Excerpt from “Tetsu Emori's Real Trading Strategy” (Tetsu Emori).
Today, the U.S.-China midterm elections are finally taking place. What kind of judgment will U.S. voters give to the Trump administration’s two years? Also, all eyes will be on how the forex market moves in response to the results. (Editorial staff)
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