While the indirect correlation of cross trading CABLE & YEN would be more pronounced as the GBPJPY base cross rate is more affected with CABLE / USD price action that gave DXY the relative strength from a CABLE weakness and not necessarily a USDJPY rally. In this exceptional case where the YEN has been a secondary safe haven for JPN225 declines making new lows have been also provided the Hedge strategy for Asian interbank investors alike. MegaTrade101 shall provide a separate insight regarding this cross trade strategy in our next info.
https://twitter.com/MegaTrade101/status/746616172070608896
@MegaTrade101 Watch #Yen revives Price & Time as #BOJ reinforces Monetary Policy post-election. Market shifts back to #Abenomics. #USDJPY @106.00 levels 1st leg after coming from 98.82 low serves as point of reference.
ReplyDeletelink: https://lnkd.in/fsUxTK8