A Grand 'Ol Idea: Trade the Trend....
Fundamentals:
The incoming US Fed data will exacerbate the move in USDJPY, fueling it higher. Despite media clout and rumors abounding, The BoJ will not intervene in the JPY currency. In fact, the lower JPY goes the more beneficial it is to Japan (minus its exporters).
Technicals:
Hey, I have a grad 'ol idea. How about we just trade the trend until it bends?
Inside Bar
The incoming US Fed data will exacerbate the move in USDJPY, fueling it higher. Despite media clout and rumors abounding, The BoJ will not intervene in the JPY currency. In fact, the lower JPY goes the more beneficial it is to Japan (minus its exporters).
Technicals:
Hey, I have a grad 'ol idea. How about we just trade the trend until it bends?
Inside Bar
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