USDJPY: not convinced rates will be raised..new targets
USDJPY technical fundamental trade...
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Target #1 was reached on December 09, 2015. I forgot to update this. Closed trade opinion for Target#2. All trades are closed as now I review data for the new year in stocks and currencies.
Also, around the end of November, the data convinced me that rates would be rising. Overall, this was a good trade for target#1. Since rates has risen and will keep rising going forward, this strengthens the case for the USD. There still could be a countertrade to the downside....but I will take a week or two to watch the markets to see how they are fairing.
Also, around the end of November, the data convinced me that rates would be rising. Overall, this was a good trade for target#1. Since rates has risen and will keep rising going forward, this strengthens the case for the USD. There still could be a countertrade to the downside....but I will take a week or two to watch the markets to see how they are fairing.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.