One more instrument that started to grow after several weeks of falls is USD/JPY. And rightfully so – with the growth of USD it was natural that the couple was going to start growing with USD being the leading currency in the couple. But, there is one more factor that can influence further fate of the couple and it is the need of traders for safe havens. And, as we know both of these couples own this very status.
Right now trades, so to speak crave USD. For so long it was too risky to invest into the greenback and now we just want to see it grow a little bit, especially given that the situation in the world is changing and we want to see something constant. And USD might just provide us with is, as it is the most popular couple in the world. JPY, on the other hand, might be quite far away from constant these days, with JPY being wrapped in talks about future monetary policies as well as alteration of interest rates. And, as we know these do not reflect well on the market performance of the currency.
And there we have it – all of the above creates perfect conditions for the surge of the chart, which, as you can see is ongoing at the moment.
Catch another breakout of the couple with our trading signals.