After Friday's roller coaster ride post-NFP Usd/Jpy ends up lower

After looking stronger just after the (weaker) NFP release,
USD/Jpy failed to break and stay above 125

It looked like traders were betting on a September rate hike,
but the market news reports did not confirm this,
and profit taking set in - bringing the pair down again

Opportunities present themselves now to sell Jpy crosses

Also the SNB announced their willingness to prevent a higher Chf again,
and said that they might intervene again
and Eur/Chf for example is higher than it has been for weeks

I decided to buy Usd/Chf when Usd/Jpy was at support around 124.2,
and I bought Aud/Chf because Aud and Nzd are strengthening
I bought both crosses just before market close and they are already up about 10 pips each

I may add more Chf crosses at market open if strength continues
or I may switch my attention to Usd/Jpy and Gbp/Jpy short
Especially Gbp/Jpy is looking weak on a technical picture
الترجمة الى الانجليزية اظهار الاصلي

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يرجى التسجيل او اختيار لغة اخرى من القائمة للترجمة

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