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December, 6 - USD/JPY experiences one of the worst falls in recent history

USD/JPY trading today gives us little trust in the present situation in the markets. The couple started the day on a low note and we can see that its fall is extending itself pretty hard. All of this can indicate one thing and one thing only – there is a very high risk vision in the markets right now and JPY is growing as a result of it – standard scenario in a situation like that.

 

usdjpy 6.12.2019

 

But what is causing this drop? Maybe the upcoming report of US job market? US-China trade war? General political and economic instability found in the world today? Well, I would argue that it is a combination of all of them for the moment. Will this keep on going? Yes, unless we see USD surge very high and rapid after today’s report. Otherwise we will have to wait until Monday and even after that there is no guarantee that we are going to see any long-term recovery.

 

Well, for now the great fall in USD/JPY is ongoing and for now there is no reason for it to stop. So, we should prepare ourselves for the possibility of switching to other couples for the time being. And in order to know more about other couple, you can always use our trading signals.

 

 

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