Usdjpy d1 – 2016aug03 – 1303
Usdjpy looks like a confirmed bear trade. It doesn’t look like it is going to be hindered. This is of course ceteris paribus – all things remaining constant. Just heard that the BOJ wanted to say something to manipulate the jpy.
If they are successful, then all jpy crosses should move. Which means the Usdjpy might see some kind of spike. Think I will sit out this trade.
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