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Bonds: The Most Reliable USD/JPY Catalysts

Bonds: The Most Reliable USD/JPY Catalysts

Todd Gordon, Technical Strategist

The trade for next week is as follows:

  • Trade Entry: Buy USDJPY at 104.00
  • Stop Loss: Place stop at 103.00
  • Initial Target: 106.00
  • Intermarket Analysis: Be sure to confirm US bond yields are indeed rallying before trading

Also, read the corresponding article, “A Long USD/JPY Trade That’s Ideally Validated.”

By Todd Gordon, founder, TradingAnalysis.com

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Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.

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