Tradeciety

USDJPY - short squeeze likely

FX:USDJPY   U.S. Dollar / Japanese Yen
72 0 4
After the BOJ intervention, we are back to where we started and USDJPY             is about to run into 116. Friday's US data and an increased likelihood for a rate hike in March may keep the USDJPY             from breaking lower.

Last time we saw an immediate reaction trading into 116. We expect to see more volatility this time since the re-visit has come earlier than expected. Expect to see orders below 116 so a drive lower before going higher could be a potential scenario.

Yellen's comments next week will determine how the USDJPY             will react down there. Risk appetite with a focus on China and Crude need to be considered when trading the USDJPY             as well.
I am trading Forex for 10 years and 5 years ago I quit my corporate job to travel the world


> Introduction to my trading method:
http://www.tradeciety.com/a-powerful-and-simple-system/

> Free blog: www.tradeciety.c
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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