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USD/JPY Signal - JPY Foreign Bond Investment - 17 Dec 2020

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Signal Details
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How we trade
Average: 5 (1 vote)

USDJPY is trending to the downside today prior to the JPY Foreign bond investment data, which referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Technically the pair has rejected upside out of the 103.780 pivot and is holding below the 30 minute 50 moving average. We anticipate further downside into the 102.63 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.