USD/JPY Risk off trade. The Yen opened stronger against the dollar as we see a risk off move
in the market. This move fueled by the OPEC meeting ending in a no decision to freeze production
has the market seeking safe haven assets. Gold, silver and the Yen are up while the global indexes
are in negative territory.
I will be waiting for price to fill the Gap and will be looking to enter around 108.60 with a stop above fridays highs. First target will be back to the lows and second target will be to the yearly lows.
in the market. This move fueled by the OPEC meeting ending in a no decision to freeze production
has the market seeking safe haven assets. Gold, silver and the Yen are up while the global indexes
are in negative territory.
I will be waiting for price to fill the Gap and will be looking to enter around 108.60 with a stop above fridays highs. First target will be back to the lows and second target will be to the yearly lows.