USDJPY short
I like trying a short term USDJPY short here.
Mostly a correlation based trade. USDJPY behaviour today has been a little odd to me. Oil, stocks and us yields are lower but USDJPY is much higher - i think this could be that there was some flow coming into USDJPY today or perhaps chasing some stops and that once this ends we could see a move lower.
A lot of forecasts i have been seeing have been looking at USDJPY going to the 133 area.
stop is 1 ATR away.
Not trading/investment advise, feedback welcome!
Mostly a correlation based trade. USDJPY behaviour today has been a little odd to me. Oil, stocks and us yields are lower but USDJPY is much higher - i think this could be that there was some flow coming into USDJPY today or perhaps chasing some stops and that once this ends we could see a move lower.
A lot of forecasts i have been seeing have been looking at USDJPY going to the 133 area.
stop is 1 ATR away.
Not trading/investment advise, feedback welcome!
Note
Taking this out here about break even, was hoping for some movement today but unfortunately we’ve haven’t seen any so far
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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.