USD/JPY FULL ANALYSIS: USD weakness pushes rate lower
Updated
Hello traders, here comes today's trade in USD/JPY.
Fundamentals: Broad USD weakness and Yen strength this morning, pushing pair lower. USD weakness ahead of FOMC and stimulus hopes.
Intermarket: 2-year yield differentials pointing lower since Asia session. Nikkei 225 lower, pointing at JPY strength.
Sentiment: JPY one of the top performing currencies in the last hour and last day. Risk sentiment mixed to risk-off, pushing USDJPY lower.
Technicals: Pair retraced near the 61.8% Fib level and pushed lower on rising selling volume. We are short USD/JPY since the London session.
Fundamentals: Broad USD weakness and Yen strength this morning, pushing pair lower. USD weakness ahead of FOMC and stimulus hopes.
Intermarket: 2-year yield differentials pointing lower since Asia session. Nikkei 225 lower, pointing at JPY strength.
Sentiment: JPY one of the top performing currencies in the last hour and last day. Risk sentiment mixed to risk-off, pushing USDJPY lower.
Technicals: Pair retraced near the 61.8% Fib level and pushed lower on rising selling volume. We are short USD/JPY since the London session.
Trade closed: target reached
Wonderful trade!
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