***This does not constitute financial advice of any type as I am not licensed for such opinions. ***
The Yen has resumed it's upward move in impressive fashion in recent days, and it's hasty move to the long side has not left much room for a healthy pullback. With higher time-frame overhead resistance staring us straight in the face, we might want to consider waiting to get into this market until the story has become more clear.
This coming correction could take potentially weeks to fully play out before resuming its move upward (assuming no change in the fundamental story), but any long position that you can find where you can safely manage your risk (without risking the farm) might interesting to test out.
***This does not constitute financial advice of any type as I am not licensed for such opinions.***
The Yen has resumed it's upward move in impressive fashion in recent days, and it's hasty move to the long side has not left much room for a healthy pullback. With higher time-frame overhead resistance staring us straight in the face, we might want to consider waiting to get into this market until the story has become more clear.
This coming correction could take potentially weeks to fully play out before resuming its move upward (assuming no change in the fundamental story), but any long position that you can find where you can safely manage your risk (without risking the farm) might interesting to test out.
***This does not constitute financial advice of any type as I am not licensed for such opinions.***