January 30, 2019 08:16: Dollar/Yen Trade Strategy [From Dr. 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 distribution. This time, please take a look at the dollar/yen trading strategy.
We maintain a short position on USD/JPY. The upside is gradually becoming heavier. This week is packed with important events, and negotiations for the United Kingdom’s departure from the EU could also be a factor supporting the yen. We would like to assess FOMC, U.S.-China talks, and U.S. employment data, but first we will emphasize the underlying trend and manage the shorts accordingly. If it drops below 109, it could turn downward rapidly, but depending on the outcomes of events, anything could move. However, the ultimate direction remains unaltered by the view of yen strength. Against this, it is crucial to properly adjust and manage positions. Even if it rises, calmly adding to shorts little by little would be fine.
“Tetsu Emori’s Real Trading Strategy” (Tetsu Emori)as quoted.
Emori says that if U.S.-China trade negotiations are delayed until after April, yen-strength risk could be prolonged. As of 11 o’clock, USD/JPY is in the 109 yen range, but we would like to monitor the impact of upcoming important events. (Editorial department)
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