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Writer's pictureLester Davids

Sharp Reversal On U.S Dollar/Yen: Now Trading +150

Tuesday 22 October 2024

Time Published: 14h32

  • Significant upside follow-through from the strategy alert at 140. Now trading +150.

 

Thursday, 03 October 2024

Time Published: 23h29


  • Strong rebound off 140, now trading 146.

  • A double opportunity (short, then long) for Unum Capital clients


Previous Post: 16 September 2024

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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