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

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

Currency Pair: US Dollar / Japanese Yen

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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.

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Previous Post (26 June)

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

Lester Davids

Analyst: Unum Capital