ScottRyder
Long

USDJPY 1 Hr Chart Long

FX_IDC:USDJPY   U.S. Dollar/Japanese Yen
43 0 1
The reason for this trade i beleive the current Rally in oil             we are seeing today is due to API numbers telling us there is a drawdown in oil             this week in the US, which is significant news as oil             supply is at record high, this will cause the US markets to rally as they have a large amount of oil             companies on the exchange, in turn that strenghtens the dollar against the yen, the yen is considered a safe haven when the US markets are falling.
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