December 12, 2018 08:23: Dollar-Yen Trading Strategy [From Tesshō Emori's Newsletter]
From the real-time trading strategy newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's issue. This time, please take a look at the trading strategy for USD/JPY, which is trading in the early 113 yen range.
We will maintain a long position in USD/JPY. There is no clear direction at the moment, but the near-term trend is upward, so if stock prices rebound, it is likely to attempt higher levels for a while. However, it would be prudent not to overstay. As it approaches around 114 yen, we will consider taking profits. Stock prices are unstable, and USD/JPY is not expected to rise sharply. We will look to capture a short-term rebound. There are various factors this week, so there is a possibility of being driven by them. First, we want to pay attention to stock price movements. There is support at 113.20 to 113.10, but if this breaks, we would likely short again.
『Tetsu Emori's Real Trading Strategy』（Tetsu Emori）quotation.
USD/JPY is showing a stronger stance of waiting and has not shown a clear direction. Will the market environment remain difficult to move in for a while? (Editorial staff)
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