When can we expect intervention in Japan? | 28 9月 2023

28 9月 2023, USD/JPY

USDJPY trading plan:

The strong dollar has the Japanese yen within a whisker of 150-per-dollar, seen as a level likely to provoke an official response or intervention. Gold is heading for its worst week since February as the rise in Treasury yields drives investors out of the precious metal, which pays no yield, and it nursed losses at $1,875 an ounce. Next week, the Japanese Ministry of Finance may announce measures to strengthen the national currency, and in the meantime, investment funds and speculators will be actively shorting the Yen and buying the Dollar on corrections. With this in mind, it is advisable to take advantage of the fall in prices to yesterday's lows to open long positions in anticipation of a continuation of the uptrend.

Investment idea: buy 148.85 and take profit 149.66.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus