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BK USD/JPY Big Trade +75
BK -- Close USD/JPY Big Trade here at 122.60 for +75. Its struggling to break resistance at 65
***First entry triggered
Place Order to Buy USD/JPY at 121.85
Place Order to Buy 1 More at 119.95
Stop for all at 118.80
All of the major currency pairs have been hit hard by risk aversion and while we believe that the Greek crisis could delay Fed tightening, the safety of U.S. assets makes the dollar one of the most attractive trades. The U.S. economy is still performing well compared to the rest of the world with less uncertainty and while the dollar could pull back some more if the Greek crisis deepens, the losses should be limited and at the end of the day, the Fed will still be the first major central bank to raise rates