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USD/JPY Call Signal 18 Nov 2015

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
How we trade
4.7/5 of 3 ratings

The USD/JPY has been supported by increasing hopes that the Federal Reserve will raise interest rates at its next meeting in December. The likelyhood priced in by the market at this stage is close to 93 per cent. Expectations for the pair to make a test of 125 into the Fed meeting are increasing too.

Our call is to buy call binary options on the USD/JPY pair today as we are approaching the due date. Looking at Japan the move also makes sense, since the Japanese economy has entered into recession therefore failing to boost the credibility of Abenomics.

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.