USDJPY: BOJ Intervention

Right now I would be cautious about taking short positions on any pair related to the JPY, it is likely that the Bank of Japan (BOJ) will continue to intervene on its currency (like they have been doing):

USDJPY
USDJPY

It is known that the BOJ doesn’t feel comfortable at the current levels of the JPY against all crosses (Japan is a net exporter, they need a weak currency).

For now, I will only consider going long if I have a bullish MC on the yen crosses.

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Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .