The Japanese Yen finished right in the middle of the pack, gaining and losing ground against three currencies each. Despite stagnating last week, the Yen remains the best performing currency in October, and remains poised for further outperformance ahead.
So far, through October, CAD/JPY is the worst performing pair, down by -2.49%, followed by AUD/JPY (-2.45%) and CHF/JPY (-2.43%). The best performing JPY-crosses through three weeks in October are GBP/JPY (-0.67%) and USD/JPY (-1.01%).
Entry could be after a close below 79.377 on AUDJPY. 10 to 20 pips TP would be adequate. The ratio is 1:1. Trade with caution!
So far, through October, CAD/JPY is the worst performing pair, down by -2.49%, followed by AUD/JPY (-2.45%) and CHF/JPY (-2.43%). The best performing JPY-crosses through three weeks in October are GBP/JPY (-0.67%) and USD/JPY (-1.01%).
Entry could be after a close below 79.377 on AUDJPY. 10 to 20 pips TP would be adequate. The ratio is 1:1. Trade with caution!