Trading the USD/JPY - Week of 7/708
This week may provide unique opportunities to exchange the USD/JPY.
Our bias on the fundamental level is modestly bullish, anticipating the G8 meeting to enhance the pair. Any communiion verbalizing the demand for USD power could deliver the USD/JPY up outside the 108.70 region and upward towards 110.00.
However, and please take note, a lack of reference to further USD weakness could send the dollar spiraling downward. This is a real possibility. Recognizing that US Equities have been in a bear market.
all trades taken by us will probably be on the technical foundation, and we'll try to include charts.
We'll update this thread frequently to detail our plans on trading this pair.
Comments are welcome.
Please include charts when possible