Get started
JoeChampion

USDJPY Breaking the trend after hawkish comments from fed Waller

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JoeChampion  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fundamental Analysis Beyond Technical Analysis USDJPY USD jpy buy LONG Bullish Patterns Technical Analysis Contains image
83
10
trendanalysis fundamental beyondta usdjpy usd jpy buy long bullish technicalanalysis containsimage
Hey Traders, USDJPY was trading in a downtrend and successfully managed to break it out after some hawkish comments from fed Waller about inflations concerns and there's still more work to do from Fed Powell so the market is pricing another 25 bps rate hike which had triggered Dollar strength.
Technically we will watching a potential retrace of the trend from 133 zone.
Trade safe, Joe.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.