January 11, 2019 08:22: Trade strategy for USD/JPY [from Mr. Tetsu Emori’s newsletter]
From the investment 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 dollar/yen trading strategy.
We will maintain a short position on USD/JPY. The overall trend is down, so as I have repeatedly stressed, it is crucial to structure the strategy with the possibility of a rebound up to 111.60 yen in mind. In the short term, the market feels overbought, so a correction is not surprising. Up to now, USD/JPY has moved in line with stock prices, but it is gradually taking on its own movement. Of course, if yen appreciation occurs, it will be a factor pushing down Japanese stocks. Since yen strength is expected to continue, the market environment for stock investment will remain challenging.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted from.
The USD/JPY had a turbulent start. As of 11:00, it is trading in the 108 yen range, and it will be interesting to see whether it maintains this steady movement in the future market. (Editorial desk)
USD/JPY, 1-hour chart.
× ![]()