-
Chart Breakdown
We look at three of the most compelling trade set-ups, as seen by a veteran ex-City trader: USD/JPY bearish trend is strong The Bank of Japan meet next week but no changes are expected after they tweaked some of their policy tools last time around. The yen is very sensitive to US interest rates and as these have come off their March highs, so USD/JPY has sold off dramatically from its high, close to 111. Any more selling seen in risk and stock markets will also see more investors flock to the safe haven JPY, pushing this pair lower. We started today at a key area of support trading around the 50-day moving average ... (full story)
