U.S. Dollar / Japanese YenUpdated USDJPY Consolidation,
There is a potential profit to be made on the USD/JPY pair at the moment, considering Japan's current domestic political situation, where the Yen has slightly weakened. I still hold my conclusion regarding the possibility of Yen strengthening in the future, which may occur after the election. However, for now, I will seize the buying opportunity by taking advantage of the market's consolidation in the ongoing bullish trend for the USD.
Trade closed: target reached
Take Profit
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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.