Sorry, you need to enable JavaScript to visit this website.

USD/JPY Forecast 25 July 2016

You are here

USD/JPY Forecast 25 July 2016
No votes yet

Japan has published very optimistic trade balance.

Today Japan has released the very optimistic trade balance over the past month. The trade balance increased from -41billion yen to 693 billion yen. According to the seasonally fluctuations the balance increased from 0.29 trillion yen to 0.33 trillion while waiting for the 0.24 trillion yen.

The exports rose from -11.3% to -7.4% (the forecast -11.6%). Nikkei225 stock index has grown by 0.15%.

Wednesday is an important day for the stock market of Japan -Mitsubishi Motors will publish their reports. It is expected that in connection with the scandal on the fuel economy of the company the profits have fallen by 70% ($ -37.7 billion) compared to the 1st quarter of this year.

How to trade

We would buy call options if the pair rises above 106.60. We would buy put options if the pair falls below 105.90.

Expiry time: 20:00 GMT

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.

You may also read