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Forex Strategy Video: Evaluating Yen Crosses Ahead of BoJ

Forex Strategy Video: Evaluating Yen Crosses Ahead of BoJ

2013-10-03 23:34:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• Risk trends, the change in global monetary policy and the upcoming BoJ present opportunity for the yen

• We look at the yen crosses with a breakdown of technicals, fundamentals and market conditions

• While the USDJPY and GBPJPY have unique appeal, EURJPY is the best bear option and AUDJPY bull setup

Sign up for John’s email distribution list, here.

Risk trends are showing dangerous tension and the BoJ is having to deal with pressure from the exchange rate as well as a national tax hike. This threatens serious fundamental trouble for the yen crosses. In today's Forex Strategy video, we lay out the trading potential of the yen crosses - from USDJPY to AUDJPY - with a review of the technicals, fundamentals and fundamental. When all of the elements are combined, we can establish the best options for bullish and bearish paths.

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