olly_price
Long

Long USDJPY following Shinzo Abe

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Following the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe             , I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price.

Why now and why 110 yen?

There has been a lot of choppy behaviour based mostly on structural moves recently, and I think that this announcement will be enough to break it out of this state.

Buy now because this is at a pullback point following the initial post-announcement rally.

110 is for me a bit of a psychological point on this pair, as it hung around that point for a while on its descent earlier in the year. This for me is a good target.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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