USDJPY Short
I like trying a USDJPY short trade here. We have a nice shooting star on the daily after this strong bull run.
narrative wise there's not been too much change but i have been reading about some thoughts on peak fed pricing with the fed pushing back on 75bps hikes. Inflation expectations are also falling on the back of slightly slower USD CPI recently.
US yields also look a little stable at the moment which could provide some relief to the downside for USDJPY.
sentiment the past few weeks has been very high and from what i can see we're starting to slow down and move lower there as well.
overall it seems like a good time to try a short USDJPY with US CPI coming up this week as well, further signs of slowing could help move the pair lower.
Not trading/investment advise, feedback welcome!
narrative wise there's not been too much change but i have been reading about some thoughts on peak fed pricing with the fed pushing back on 75bps hikes. Inflation expectations are also falling on the back of slightly slower USD CPI recently.
US yields also look a little stable at the moment which could provide some relief to the downside for USDJPY.
sentiment the past few weeks has been very high and from what i can see we're starting to slow down and move lower there as well.
overall it seems like a good time to try a short USDJPY with US CPI coming up this week as well, further signs of slowing could help move the pair lower.
Not trading/investment advise, feedback welcome!
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.
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.