Sunday, February 8, 2009

USD/JPY buy opportunities

Trading Log - 08Feb2009

USD/JPY highest in 2008 was around 113.00.
In March 17, it dropped until 95.59. after that it kept climbing for exactly 5 months, which is August 17 high of 110.78.
Currently its trading at 91.94, so i will look for buy opportunities for this pair.

BOJ will intervene soon, if not the expensive Japanese Yen will hurt their economy.

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