The outcome of the Japanese election has created JPY strength. If you placed a short term JPY long based on the election, I would find it difficult to argue. But, personally, I think any JPY strength will be short lived. Essentially due to uncertainty creating a likelihood of a slower pace of BOJ rate hikes (If at all). Meaning, JPY short trades back on the table soon.
Whilst I await a 4hr swing with a 'push up' on JPY charts (for a JPY short). I'd like to recommend a very interesting TV programme I recently watched called FINDING THE MONEY.
Depending on your region you might be able to watch it for free., Living in the UK, I paid about £6 to watch it via Amazon prime.
It won't necessarily make you a better trader, it's just a very interesting watch, particularly if you're curious about the concept of M.M.T and the workings of the financial system.
Whilst I await a 4hr swing with a 'push up' on JPY charts (for a JPY short). I'd like to recommend a very interesting TV programme I recently watched called FINDING THE MONEY.
Depending on your region you might be able to watch it for free., Living in the UK, I paid about £6 to watch it via Amazon prime.
It won't necessarily make you a better trader, it's just a very interesting watch, particularly if you're curious about the concept of M.M.T and the workings of the financial system.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.