BK USD/JPY Big Trade Closed for +160

BK USD/JPY Big Trade Closed for +160

***BK USD/JPY Big Trade Update – Move stop to 120.18 to lock in +160

BK USD/JPY Big Trade Update – Move Stop to 119.88 to lock in +130

BK USD/JPY Big Trade Update, Move stop to 119.18 to lock in +60

First Entry Triggered at 118.58

***BK USD/JPY Big Trade Order Adjustments

Place order to Buy 1 Lot USD/JPY at 118.58

Buy 1 more lot at 117.75

Stop 116.80

***BK USD/JPY Big Trade Closed for +80

BK USD/JPY Big Trade Update, Move Stop to 118.70 to lock in +80 pips. Will reload lower if we get stopped out.

BK USD/JPY Big Trade Update – Move Stop to 118.30 to lock in +40

BK USD/JPY Big Trade Alert – Time to Buy Again

We are reloading these orders –

The Trade:

USD/JPY Place Order to Buy 1 lot USD/JPY at 117.90

Place Order to Buy 1 Additional lot at 116.75

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.

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It is time to Buy USD/JPY.

Negative interest rates in Switzerland and Quantitative Easing by the European Central Bank leaves the market looking for alternative safe havens. The Yen is attractive but from a fundamental perspective not nearly as alluring as the dollar because U.S. economy is actually improving while Japanese growth is struggling. The Fed is one of a select few central banks looking to raise interest rates this year with the chorus growing. Regardless of whether they choose to do so in the summer or fall doesn’t matter – the key is that they plan to do so period and that along with the loss of the Franc as a safe haven should make the dollar more attractive. In the long run, we are still looking for USD/JPY to revisit its 121.85 December high.

USD/JPY

Place Order to Buy 1 lot USD/JPY at 117.90

Place Order to Buy 1 Additional lot at 116.75

Stop for ALL 115.35

Swing

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