
Please try another search
Fundamentally, short JPY is, in my opinion, one of the best long-term trades out there. The case for shorting JPY is explored in greater detail in the InformedTrades Guide to the Japanese Debt Crisis.
Technically, I've recently put on two trades to short the JPY, based on the price action that is forming. One is GBP/JPY. If it closes above the dashed orange line on the daily chart today, I'll move my stop to break even.
I am also long CAD/JPY; below is a chart of that pair.
I entered too early, but we see a triple doji off a support level -- a very powerful sign. If we can close above the resistance level the market is nearing (where I entered) the market may be set for a move higher.
That's my take -- what do you think?
As investors attempt to keep up with the daily shift in President Trump’s tariff policies, the February CPI report out of the United States on Wednesday will likely come as a...
Japanese yen extends rally for a third consecutive day BoJ’s Uchida says rate hikes still on the table despite tariff concerns US nonfarm payrolls expected to edge slightly The...
EUR/USD is trading near 1.0806 on Friday, maintaining its position despite failing to extend its gains further. Investors’ focus is on February’s upcoming US employment data,...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.