USDJPY Explained Simply: How To Understand/Trade The Move

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USDJPY has rallied continuously because there is a main long side bias within the different interest rates between the two economies, the US being much higher.

It must be understood that buying of Yens only occurs with a good reason, of which, at the moment, there is none. Talk of intervention, is only talk.

You can get better entries with a bit of this understanding and basic economics.

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Holding off anything new. Only very light re-shorts at highs. Longs will only come considerably lower.

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See update for clear plans:

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Fall caused by USD sentiment. Remember, rate differential remains large.

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Rumoured BOJ Intervention^

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Strength in JPY persists.

Awaiting further news for further bias, likely nearer BOJ/FED EOM.

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