GBP/JPY To Continue Fall?
Short side bias is coming into Yens after todays USD weakness (slight risk off) and flows into JPY accordingly.
Slight talk of intervention has also helped stall the weakening of the Yen. Any further weakness, perhaps on any more risk on sentiment bias and we may see further moves by the Japanese Govt.
Would not add anything significantly long at all. Only shorts on pushes back towards highs (as noted).
Slight talk of intervention has also helped stall the weakening of the Yen. Any further weakness, perhaps on any more risk on sentiment bias and we may see further moves by the Japanese Govt.
Would not add anything significantly long at all. Only shorts on pushes back towards highs (as noted).
Note
Awaiting BOJ Ueda comments for Market direction.
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Free Pro Multi Asset Trading Guide:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.