Tag: yen crosses

Yen Crosses

I don’t know about you, but I don’t like how the Yen crosses have been trading lately, they seem a little nervous and hesitant, and now that a think about it, there could be a few reasons they are behaving like that:

BOJ Interventions – The BOJ is nervous at the levels the JPY is trading right now, they have been intervening selling JPY.
JPY Interest Rate announcement – Even when no hike was expected, anything could happen during an interest rate announcement.
US Non-farm payrolls – All currency pairs react to this announcement

Technically, they have been retracing at random levels, I see no clear direction on all of them. Now imagine, if sometimes the market is as clear as water and the market still goes against us, what could happen when the market is no clear at all?

I’ll leave the yen crosses alone for this week, we’ll resume analyzing and trading them next Monday.

The only Yen cross that is behaving in a clear market condition is the EURJPY, I will keep an eye open in the EURJPY, we’ll see what happen. I’m currently waiting for the EURJPY to break the ST resistance level at 115.22 to start looking for long opportunities.

How about you? What do you think?

Good luck!

Raul Lopez
Forex Training

yen crosses

Bearish on Yen crosses

Seems like it’s time to trade the Yen crosses again (full time). Opportunities like today’s are becoming more and more common on these last days:

I’m bearish in:


Not the case for the GBPJPY which is undefined and the CHFJPY which is trading at an important level.

Trade Safe!

Raul Lopez

yen crosses

Yen Crosses Party

It’s interesting that from the currency pairs & crosses that I’m monitoring right now, the yen crosses are the ones with the most interesting market condition, including:


These crosses are trading in a very clear bearish market condition, but that’s not all, the next LT support level is a few hundred pips away on all of them.

But one pair I don’t like right now is the USDJPY, not clear market condition, no consistent support & resistance lvls…

Weird isn’t it?

Be careful tomorrow with the NFP announcement

Trade Safe!
Raul Lopez

AUDJPY, dollar-yen, EURJPY, euro-yen, GBPJPY, nzdjpy, yen crosses