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MariusStanescu

Nothing has changed, but market overreacts to CPI

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MariusStanescu  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Fundamental Analysis
7
5
trendanalysis indicator fundamental

USDJPY is bouncing from MA100 after the massive drop on positive results for USD and CPI.
Where those numbers so drastically to move the market so much, or the JPY, more that when the Japan Government has intervened for their currency?

Nothing is change worldwide, so I believe the up trend for USDJPY might continue with this bounce from MA100.

Choose your entry wisely.


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