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Strategy Alert: USD/JPY - Monday, 16 September 2024

Writer's picture: Lester DavidsLester Davids

Real-Time: 21h50 S/African Time / US Trading Session

Currency Pair: US Dollar / Japanese Yen
































 

Previous Post (Wednesday, 11 September)


Real-Time: 08h22

Ticker: USD/JPY


  • A significant win for clients who took the opportunity to trade

  • The unwind/pullback, driven in large part by the Bank of Japan, has been a significant factor in the underperformance of growth/technology stocks.

  • The reading from the Tactical Trading Guide has been in line, with the pair pulling back from 160 to today's low of 140.

  • In FX terms, this is a MASSIVE MOVE.


 

Previous Post (26 June)

Readings For The US Dollar / Japanese Yen FX Pair Signal An Overextension And Potential Pullback



Lester Davids

Analyst: Unum Capital

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