Sforex
Long

USDJPY: Higer borrowed cost is not a big deal

FX:USDJPY   U.S. Dollar / Japanese Yen
159 0 1
USDJPY             is captured between two ranges:
- Range 120 - 119.70
- The wedge pattern
The main reason why USDJPY             cann't rally while other pairs go up is that:
- Investors still sell stock and hesitate in buying it.
The fear that FED would hike rate leading to higher borrowed cost make investors worry to continue buy equity.
However, I don't think higher borrowed cost is a big problem.
If FED hike rate by 1% : That is a big deal, but 25bp is not a big deal.
As US economy still perform very well , and buy stock is a good choice.
Hence, I think USDJPY             quickly backs to the uptrend.


---------
http://www.trackingforexsignals.com
https://www.facebook.com/trackingforexsignals
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