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Feb 23, 2017 10:15 AM

USDJPY 1 Hr Chart Long  Long

U.S. DOLLAR / JAPANESE YENICE

Description

The reason for this trade i beleive the current Rally in oil we are seeing today is due to API numbers telling us there is a drawdown in oil this week in the US, which is significant news as oil supply is at record high, this will cause the US markets to rally as they have a large amount of oil companies on the exchange, in turn that strenghtens the dollar against the yen, the yen is considered a safe haven when the US markets are falling.
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