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Yen selling picking up again

AdamFx42 Posted 15 Jan. in #Trader's blog #USD Back Up #Yen Weakens #Selling Yen

After retracement in Usd/Jpy been cancelled out mostly,
traders are now selling the yen again - and it looks like a continuation of last week again
Usd/Jpy has gained a lot of ground yesterday, and is now struggling with 104.3 resistance area,
but a break of this level is expected soon,
the yen crosses will be moving up along with Usd/Jpy strength
I have bought Eur/Jpy, and Gbp/Jpy again after overnight retracement,
when Usd/Jpy pulled back from 104.3 resistance area, and these pairs followed re…

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Pullback in USD/JPY - JPY crosses follow

AdamFx42 Posted 14 Jan. in #Trader's blog #Yen Crosses #USD Back Up #Yesterday's Losses Wiped Out

Usd/Jpy has made up for yesterday's losses completely today, the pair bounced from 103,
and has recovered again and sits above 103.7 support again,
when Usd/Jpy hit 103, I started buying Jpy crosses,
and already had a position Gbp/Jpy long open
Usd/Jpy push back up and continuation above 103.5 was fuelled first by the bounce from 103,
and later on by some good economic news and some better figures,
and slightly hawkish statements from fed's Fisher, and Plosser
The yen crosses, like Gbp/Jpy, and …

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AdamFx42's Blog

Yen selling picking up again

Pullback in USD/JPY - JPY crosses follow