USDJPY
Aug. 25, 2015, 09:36
Sell on a level breakthrough of 118.54 with 116.01 target. Stop loss = 119.04.
Reason for the trading strategy
The ultra high volatility characteristic for 2008 returns to the markets. Yesterday the USD/JPY pair dropped by more than 5 figures in an instant. The pair's rebound today is associated with the actions of the Central Bank of China, which poured 150 billion yuan into the country's financial system through the seven-day reverse repurchase operations. Nevertheless, the risks of the pair re-testing the level of 116.01 remain very high.
USDJPY, Daily
Aug. 25, 2015, 09:36
Sell on a level breakthrough of 118.54 with 116.01 target. Stop loss = 119.04.
Reason for the trading strategy
The ultra high volatility characteristic for 2008 returns to the markets. Yesterday the USD/JPY pair dropped by more than 5 figures in an instant. The pair's rebound today is associated with the actions of the Central Bank of China, which poured 150 billion yuan into the country's financial system through the seven-day reverse repurchase operations. Nevertheless, the risks of the pair re-testing the level of 116.01 remain very high.
USDJPY, Daily
