| Euro-yen's overall uptrend from March might continue this month, but some sort of confirmation on the chart would help to give this idea a greater probability of success. The commitment of traders for CME's futures on the yen shows a new record low net position of commercial traders, which would usually suggest losses by the currency to come. It also appears that inflation in Japan might have peaked for now while expectations for the Bank of Japan to raise rates to 0.75% this year might also be priced in. This week's critical release is the American job report on Friday, but for EURJPY specifically, traders will also pay attention to the ECB's minutes. Trading is risky. Trade with care and keep watching our informative videos to improve your trading. |
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In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:32 Technical Analysis with Optimal Entries.
3:00 Upcoming Catalysts
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