KaizenTrader

USDJPY a safehaven currency in these volatile times

Short
FX_IDC:USDJPY   Dollar Américain / Yen japonais
With the Nikkei 225 and Hang Seng starting off the week in the red, I expect at least a moderate selloff in NY tomorrow. The SP futures are currently in the red as well so I am fairly confident in shorting UJ with the expectation for capital to flow into yen seeking a safe haven currency for now.

*I tried shorting it as I planned in my previous idea for a short setup on UJ but was stopped out. The price action looks more favorable this time. Either way I see it as a sound technical and fundamental trade until the economic climates change.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.