FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY has been in a range since the start of the year (2014) which has admittedly been getting tighter in recent months. The target profits coincide with key fib retracements. I am looking to keep this trade open for a good couple of months so

People may consider this risky at the moment with the news surrounding Portugals banks which will drive demand for the safe haven currency. I feel bearish on the pair for two reasons:

1) The Portuguese prime minister and central have both publicly stated that BES (Banco Espirito Santo) does not require any support to deal with its debt.
2) The fantastic jobs data out of the US at the beginning of the month is being massively discounted.

This trade setup still applies to those that want to sit on the sidelines for the next week or so for the knee jerk panic to clear from the markets.

- Darren (12/7/2014)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out