With fed about to raise interest rates tomorrow in under 48 hours, the USDJPY pair is running out of time for a pull before it continues to the upside. My idea is that it is unlikely to pull back due to sentiment around rate hikes, as well as USD being the 'safe haven' whilst Japan is unable to raise rates.
My strategy. Am going to place a position as is with a pretty tight stop. Will be trying again upon signs of any pullback coming to an end.
My strategy. Am going to place a position as is with a pretty tight stop. Will be trying again upon signs of any pullback coming to an end.