January 24, 2019 08:30:00: USD/JPY trading strategy [From Professor Satoshi 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 release. This time, please take a look at the dollar-yen trading strategy.
We will maintain a short position on the dollar-yen. The overbought adjustment has not yet begun. Since it touched 110 yen, it means the shorts have been increased. In this way, as it rises, we will progressively add to the short. We expect this year to be a strong yen, so we will sell as soon as the dollar-yen rises. We believe we can sell even if it returns to a maximum of 111.60 yen, so we would like to manage our funds and positions so that we can sell up to that point. Also, a short adicion to below 109 yen would be okay. Even if it rises, we will continue to sell on the way up. We would like to have enough room to sell in 0.50 yen (50 sen) increments.
‘Tetsu Emori's Real Trading Strategy’ (Tetsu Emori)quoted from.
As of 11:00, the dollar-yen is trading in the 109 yen range. We will be watching when the adjustment begins and whether there will be a shift toward a stronger yen. (Editorial staff)
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