USD/JPY Archives - The Steady Trader

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, exactly one week later, the trade is starting to look nicely […]

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 only trying to work through the catastrophic events from two […]

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