Today in the main session forex trading the Japanese Yen JPY was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown...
Today in the main session forex trading the Japanese Yen JPY was weak on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below...
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
For The Forex Trading Coach clients...
The virus is rapidly spreading: 1995 confirmed cases in China (this morning), 31- in other countries, including two cases in the USA. In the morning, confirmed 1 case Canada. In the Russia so far there are no confirmed cases.
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The negative impact on the economy is no longer in doubt...
Although JPY is a bearish currency fundamentally, given the extreme easing measures in place and prospect of further QE and more negative rates, JPY has the ability to appreciate due to risk-off sentiment. Any appreciation however should be capped heading into the June meeting, given the chance...
Although a bearish currency fundamentally, given the extreme easing measures in place and prospect of further QE and more negative rates, the yen has the ability to appreciate due to risk-off sentiment. The recent disappointment for markets by the BoJ has given new found strength to the yen and...
Originally updated: 08:00am London Time
Trading Bias: SHORT
Currency pair: AUD/JPY
Current Sentiment: Bearish
In today's trading session we will be focussing on selling opportunities on AUD/JPY.
Fundamentals:
Overnight the AUD was the session's worst performer as markets continued to bring...
USDJPY. After the rocket move of the yen from 80 to 94, the result of PM Abe's claim deflation will be defeated, a result of the anticipated yen supply. At the suggestion of the G20, he has toned down his rhetoric about the high yen value, and has backed away from his threat to buy foreign...
Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end of the month it had slid to over 91¥ to the USD.
Even more impressive was the strength...
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