FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Good afternoon:

USDJPY looks like a head and shoulder to some extent, and I am being cautious as I didn't cash out in the previous rise. Thus, I am closing 80% of my position at the current level and will probably observe on the sides temporarily. However, I will definitely pay attention to USDJPY as well, as it's moving closer to the 117 level. If that happens, I might invest more in DXY and the Japanese Yen to hedge for a potential fall from global indices.

Sincerely.

Qtaro

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.