Shorting USDJPY at 103.50

٤ نوفمبر ٢٠١٦

Yesterday the broad dollar decline trend has stalled as Donal Trump's surge in the polls was somewhat arrested. With less than 5 days before the US election, we are likely to see some consolidation ahead with the first hurdle to the upside for the USDJPY being at 103.50. We would be shorting when the price gets there, even if the non-farm payrolls data which is being released later today is positive.