Selling EUR against JPY

Mar 18, 2019

After some positive news from Moody’s last Friday on Italy the headlines are starting to fade making this morning a great opportunity to start getting short EURUSD and EURJPY around current levels.

The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have the possibility for renewed pricing on Fed hikes in the picture and JPY via fiscal year-end repatriation flows.

Best of luck to those trading Euro live this week

Mar 18, 2019

Note

A quick update here as Europe leave their desks

Mar 22, 2019

Note

A final push will do from the European morning session

Mar 22, 2019

Note

Mar 22, 2019

Trade closed: target reached

First targets hit here, well done shorts !!