January 07, 2019 07:56: Dollar/Yen trade strategy [From Tetsu Emori's newsletter]
From the investment newsletter "Real Trading Strategy by Tetsu Emori" provided by GogoJungle, a small portion from this morning's distribution is introduced. This time, please take a look at the trading strategy for USD/JPY that fell to the 108 yen range.
We will maintain a short USD/JPY. Following the U.S. employment data, U.S. stock prices rose and interest rates increased, making dollar buying more favorable. However, going forward, volatility in the forex market is expected to increase. Therefore, a movement of about 1 yen can be anticipated. It is essential to manage positions with this as a fundamental assumption. The trend is established, so as long as we can endure a possible rebound up to around 111 yen, that should be fine.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
Considering geopolitical risk, European political risk, and President Trump’s movements, it is likely that the yen will strengthen, says Emori. Currently, USD/JPY is trading in the 108 yen range, but we should carefully watch future movements. (Editorial department)USD/JPY,on the 1-hour chart.
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