Forex: Which Is the Better Reversal Setup: USD/JPY or EUR/JPY?
Congestion has set in for the yen crosses, and policy officials have read the signs. With any serious drop in risk trends, pairs like USDJPY, EURJPY and AUDJPY are likely to tumble regardless of the ongoing stimulus threats. In today's video, we discuss which yen crosses are best positioned to play the correction and which are better to reenter long after the pullback. Furthermore, we talk about risk trends and the trade opportunity in the US Dollar and S&P 500's unusual, positive correlation.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.