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The foreign exchange market. How long to grow the yen?

Forex Club 23.01.2018 at 20:38

The behavior of the USD/ JPY is very revealing: the pair fell to 110,25 no thanks. And that means the market has a clear spirit for sale.

first, on Tuesday the Bank of Japan gave all to understand that to curtail the incentive program does not intend to, and the goal of 2% inflation has not been achieved. And it usually has positions of the national currency. But not this time.

secondly, trump signed a budget to reopen the government. And it must have been a sigh of relief and a surge of demand for the dollar. But no. The market simply does not believe in the future the fed rate hike at an accelerated pace. And if so – need to sell.

the immediate goal in this case may be a mark 109,80.

it Should be noted that the same pair is in my quarter cube Currency where can you find a more long-term recommendations on the deal. To receive signals, you just have to fill out this form .

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