November 19, 2018 08:26: Dollar-yen trade strategy [From Mr. Tetsuya Emori's newsletter]

From the real trading strategy newsletter “Tetsu Emori’s Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s distribution. This time, please take a look at the trading strategy for USD/JPY that fell to the late 112 yen range.

We will maintain a short position on USD/JPY. Right now, it is barely holding around the important trend line at 112.70 yen. If this is broken, it could drop to around 111.65 yen. In that case, Japanese stocks would likely start to fall as well. For now, you should watch not only the currency pair but also the movements of the stock market. On the other hand, a reversal to the upside would require 113.35 yen or higher.

From “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori) quote.

Is this decline in USD/JPY temporary, or is it the prologue to a full-scale yen appreciation phase? This discernment seems important. (Editorial department)

USD/JPY, 1-hour chart.

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