Hello traders,
The yen has started strong depreciation due to rumors that japanese bank will resume stimulus program. I have entered several orders to test how big correction they can make (GBP/JPY, USD/JPY, EUR/JPY and AUD/JPY) but there was not enough acceleration force to let me leave the opened positions.
I suppose I will wait to see how far the main pair- USD/JPY can go and if it breaks 105 than I suppose I will search for new corrections to go with the trend up. The problem is that Japanese can intervene at any time and this could be a big problem if you are caught against the trend.
Keep calm and cut your positions when you still can otherwise all investment can disappear.
The yen has started strong depreciation due to rumors that japanese bank will resume stimulus program. I have entered several orders to test how big correction they can make (GBP/JPY, USD/JPY, EUR/JPY and AUD/JPY) but there was not enough acceleration force to let me leave the opened positions.
I suppose I will wait to see how far the main pair- USD/JPY can go and if it breaks 105 than I suppose I will search for new corrections to go with the trend up. The problem is that Japanese can intervene at any time and this could be a big problem if you are caught against the trend.
Keep calm and cut your positions when you still can otherwise all investment can disappear.