If you haven't heard the latest news, Japan's Finance Minister and the BOJ have differing views on the intervention of the Japanese Yen. The Finance Minister believes that FX intervention didn't work, while the BOJ has stated they are prepared to intervene at any time and could catch the market by surprise.
Having traded for 18 years, I'm quite familiar with what...
The recent statement from Japan's Finance Minister about possibly giving up FX intervention due to its ineffectiveness, which seems to suggest acceptance of the yen's continuous weakness, directly conflicts with recent BOJ communications.
Considering this, shorting GBPJPY becomes a highly volatile decision. Nonetheless, a trade is a trade. If this trade goes...
Like I mentioned in our weekend live session, I don't see any BOJ intervention happening soon.
The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66.
Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years.
Key Levels:
Potential Intervention Levels :
-...
Considering shorting USDJPY? Keep in mind the potential impact of a second BOJ intervention this year. The resistance level at 157.32 looks appealing, but tread carefully.
When making your move, be prepared for any unexpected twists.
Share your thoughts on USDJPY in the comments below!
Stay vigilant and trade wisely!
Hey traders!
If you're eyeing long XXXJPY pairs, I'd recommend keeping a close eye on NZDJPY. Here's why:
- Natural appreciation for NZDUSD could give your trade a boost
- Waiting for a retest on the trendline before entering a buy position
However, always remember to:
- Plan your trade carefully
- Be aware of the potential for BOJ intervention without...
Hello, traders!
I’m on standby to short the USDJPY, and here's why this setup is compelling. This analysis covers two crucial parts, providing context and strategic entry points.
Part One: Macro Fundamentals
1. China’s Treasury Offload :
- China sold $53.3 billion of Treasuries and agency bonds in Q1 2024. This reduction in US dollar assets can impact...
