FXWW News/Trade Ideas/USD/JPY

USD/JPY: Trying to stuff-up as many traders as possible

I thought about using some different language, but perhaps not 🙂 I haven’t traded this pair for a few days now as it seems to me that it will try and stop people out, topside and bottom, and that we will see plenty of false breaks in coming days. The short-term trend seems to be bullish again and the market sentiment is definitely turning that way, BUT the market is long and as we saw in the week prior to the FOMC, when the big hedge funds start liquidating assets then USD/JPY will fall.

I’m leaving it alone for now and will only enter for quick swing trades after ‘silly’ session moves.

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