Translation: January 18, 2019 07:52: Japan/U.S. Dollar Trend Trade Strategy [From Mr. Teruori Emori's Newsletter]
From the investment e-newsletter Real Trading Strategy by Satoru Emori, provided by GogoJungle, here is a small excerpt from this morning's dispatch. This time, please take a look at the dollar-yen trading strategy.
We keep a short position on the USD/JPY. It has retraced quite a bit. As expected. It has become quite overbought. If it stalls in the next few days and turns downward, it could lead to a major adjustment. The same applies to the stock market and the oil market. The rebound in risk assets has been substantial, but this is only a reaction to December's shock. Once this passes, it should return to its proper state. With a long-term assumption of dollar weakness and yen strength, we will respond systematically with short positions. I believe this will become a core position this year.
“Satoru Emori's Real Trading Strategy” (Satoru Emori)Quoting.
As of 2:00 PM, the USD/JPY is trading in the low 109s. While influenced by the U.S.-China trade war and President Trump's remarks, we will continue to monitor market movements closely. (Editorial Department)
× ![]()
