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July, 4 - USD/JPY is perfect for shorting today

Perfect timing. With all that has been going on in the world the perfect time for JPY to break out has come. USD hasn’t been at its strongest notes lately and it seems that JPY is feeling the weakness of its main opponent as Japanese currency is not standing still. With no upcoming changes in the monetary policies we are seeing that Japanese national currency is taking USD/JPY chart lower and lower. And there is absolutely nothing to do to stop the fall except for trying and have some profits off of short trading. Which is exactly what the experts are suggesting we do today.

 

usdjpy 4.07.2019

 

USD is not going to be as actively invested in today as the other days, so it is only natural that we are going to see traders look for other aim for their attention. And with so much political instability the fact that they are going to find it in yen is only fitting – safe haven status is saving JPY from sinking in times as unstable as we see today.

 

But even despite this cut out and dry situation USD/JPY doesn’t seem to be able to find one direction, so shorting can be tricky. Use trading signals to find perfect entry and exit points.

 

 

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