BK USD/JPY Big Trade +40

Out of USD/JPY Trade for +40

BK USD/JPY Big Trade Move to 120.67 to lock in +40 on trade

***USD/JPY Big Trade Second Entry TRIGGERED

***USD/JPY Big Trade First Entry at 120.27 TRIGGERED


BK USD/JPY Big Trade Alert – Time to Reload

***BK USDJPY Big Trade Order Changes

We are moving our USD/JPY entry levels up:

Place Order to Buy 1 lot USDJPY at 120.27

Place Order to Buy 1 More at 118.85

Stop for ALL at 117.75


The Trade:

USD/JPY

Place Order to Buy 1 lot USD/JPY at 118.30

Place Order to Buy 1 Additional lot at 116.90

Stop for ALL 115.35

Risk on our BIG TRADES is large, so make sure your position is small.

We will manage the take profit dynamically and send out alerts on when to take profit and/or move your stop.

—--

It is time to Buy USD/JPY.

Less hawkish comments from Federal Reserve Chairwoman Janet Yellen should give us an opportunity to snap up USD/JPY at a lower level. While the Fed is in no rush to raise interest rates, Yellen’s optimistic outlook for the economy and inflation leaves a 2015 rate hike on the table.

The recent pullback in the dollar indicates that investors had hoped for more from Yellen but a June rate hike was never realistic. The central bank doesn’t want to raise interest rates too quickly because they fear that a premature increase would undermine the recovery and hamper job healing.

Instead we expect forward guidance to be changed in June and followed up with a rate hike in September. Market expectations had gotten ahead of themselves in recent weeks so a pullback is natural but the most important thing to remember is that the Fed will still raise interest rates in 2015.

Therefore we still think that buying dollars is the best bet and with the latest CFTC data showing a reduction in USD/JPY longs, there’s plenty of opportunity to the upside once the enthusiasm for Fed tightening returns. The next catalyst for a rally in USD/JPY will be next week’s ISM and non-farm payroll reports. If U.S. data starts to improve again, investors will return to the dollar.

The Chart

USDJPY022515

USD/JPY
Place Order to Buy 1 lot USD/JPY at 118.30

Place Order to Buy 1 Additional lot at 116.90

Stop for ALL 115.35
Swing

Leave a Comment

Your email address will not be published. Required fields are marked *