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May, 28 - USD/JPY is getting hits as safe havens no longer needed

With nothing else to wait and nothing else to watch we are bound to discuss the influence of Donald Trump’s visit to Japan. There he and Japanese Prime Minister were discussing different matters but in the end we are not interested in the topic of discussion but in the effect that these discussions had on Japanese economy. Yen has been pretty unstable against the greenback lately all due to the fact that traders are much more focused on watching European segment of the market and despite instability there and the alleged look for safe havens yen fails to find its supporters in the market. And Trump’s visit although fixed trading in Asian region has failed yen once again.

 

usdjpy 28.05.2019

 

The slide in the performance of Japanese currency is apparent and not welcome by world trades who have nothing left to do but to sell yen off now. For the time being it is not clear when we are going to see USD/JPY recover and make long trading possible but it is a possibility to earn off of short trades with the couple now.

 

Use both long and short trading signals to know what to do with the couple today.

 

 

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