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Where to Sell and Buy the Yen: Simple Trading Tips for Beginner Traders for October 7
Trade analysis and tips for the
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Trade analysis and tips for the Japanese yenThe test of 158.07 occurred as the MACD indicator began moving down from the zero line, confirming a good entry point to sell the dollar. As a result, the pair fell only about 10 pips.The yen got a short breather yesterday when weak US external-trade data pushed USD/JPY lower. The goods and services deficit jumped to $105.6bn in August, so the pair's correction looked logical. This morning in Asian trading, dollar demand returned,
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Jakub Novak,
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