USD/JPY, AUD/JPY and GBP/JPY Trade Options for Diverse Markets
Market volatility is still exceptional - as we can see in indexes and benchmarks like the Nikkei 225 - but it isn't directed towards a singular aim. In other words, risk aversion is not overwhelming enough to drive the dollar to fresh multi-year highs, the S&P 500 to its cyclical bear move and the yen crosses into a momentous carry unwind. Yet, the risk remains. Should we trade congestion as there isn't a clear theme or should we await the committed drive in sentiment? What trades are there for the potential risk drive or a short-term range swing? Amongst the yen crosses there are options for all three scenarios - a wholesale risk recovery, full scale deleveraging and even transitional markets. We discuss the conditions, yen setups and more in today's video.
Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.