USD/JPY Long Trade Is Starting To Pay Off

USD/JPY Long Trade Is Starting To Pay Off

Last week (March 21) I discussed a trade in the USD/JPY to the long side.  The rationale had to do with a very clear candlestick bottoming pattern.  The  trade involved buying the YCS, which is a double ETF of the USD/JPY exchange rate.  Today,...

U.S. Dollar/Japanese Yen (USD/JPY)

Last week the Japanese Yen made an all-time high against the USD.  However, the rally didn’t last long as the G7 started intervening along with the Bank of Japan to stabilize the yen.  Such a strong yen cannot be good for a country that’s not...