Forex Strategy Video: Time to Trade the Big USDJPY, EURUSD Trends?
• Yet, markets typically quiet into the end of the year as participation thins
• As the focus on competitive stimulus builds, we need to way short-term versus long-term trading
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USDJPY has broken 100 in a move reminiscent of the move that began its 30-plus percent rally last year. The fundamental focus on relative stimulus is offering a proactive and broad driver for the markets that has been absent in traditional risk trends. Yet, for those looking to the heavy speculation surrounding Japanese, European and US policy programs; there is a serious hurdle with the seasonal, year-end evaporation in participation. Should we be looking for the multi-hundred pip fundamentally-derived trends in pairs like EURUSD, USDJPY, EURJPY and others; or should we stick to the short-term swings derived from the day-to-day event risk? We discuss top-down market concept in the weekend Forex Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.