Japan shall be on holidays, with market closures, on :
- Monday 29 April 2024
- Friday, Might 3
- Monday, Might 6
USD/JPY traded above 158.00 on Friday throughout US time. It has obliterated all of the purported ‘traces within the sand’ we have been listening to about from folks that actually ought to know higher. The subsequent one to be trumpeted needs to be 160.
I posted this, I hope it helped:
As not too long ago as late final week we had Japan’s Finance Minister Suzuki telling us, fairly clearly, and once more, that the decrease yen has professionals and cons. These are NOT combating phrases.
USD/JPY has been swinging round already to start the brand new week, again below 158.00. If you’re brief from above 158, do not be reluctant to seize some revenue on this dip.
This chart is by way of Reuters. For those who want a reminder, FX is just not a centralised market, and thus there are trades that came about not mirrored on this chart. I noticed it, briefly, buying and selling a contact decrease than the lows proven right here.
