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.Note
Playing the USDJPY is about knowing the 50% rule.The next 50% is coming up soon.
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BOJ's Ueda says yield control will end when price goal achievement foreseen.reuters.com/markets/asia/bojs-ueda-no-pre-set-idea-how-review-could-affect-future-policy-move-2023-05-09/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.