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gmarkoff

USD/JPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
gmarkoff  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Beyond Technical Analysis usd-jpy short SELL
3
0
trendanalysis indicator beyondta usd-jpy short sell
I was looking at the USD/JPY chart and saw that this pair was around 60 pips lower from top to bottom today. I thought that this could be a run for safe-havens, but then I saw that the CHF was down against the USD and Gold has lost around $4 this morning.
It is not a run for safety into the safe-havens, it is growing demand for the Japanese Yen. One of the reasons for this move is the softening of equities.
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