The chart above explains.
The 100MA just cross below the 200MA. It seems like the US10Y would likely continue to drop further.
This is a good SELL trade for USDJPY.
Good luck.
P/S : As always, do not just believe what I say. Use your common sense.
The 100MA just cross below the 200MA. It seems like the US10Y would likely continue to drop further.
This is a good SELL trade for USDJPY.
Good luck.
P/S : As always, do not just believe what I say. Use your common sense.
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This coming weekend is the BOJ interest rate decision. So far, it has stayed 'fixed' at -0.10%. I do not think there would be any cuts. But then there is a very very slim chance of it moving up. Anyway, whatever it is, I think it would be JPY +ve.
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Playing the USDJPY is about knowing the 50% rule.
The next 50% is coming up soon.
The next 50% is coming up soon.
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BOJ's Ueda says yield control will end when price goal achievement foreseen.
www.reuters.com/mark...icy-move-2023-05-09/
www.reuters.com/mark...icy-move-2023-05-09/
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