Forex Strategy Video: Evaluating Yen Crosses Ahead of BoJ
• 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
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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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.