Yen Appreciation Watch: Focus on USD Movement Post-U.S. Retail Sales
Yen Appreciation Watch: Focus on USD Movement Post-U.S. Retail Sales Market Recap from Yesterday USD/JPY dropped sharply from the 158 range to the 155 range. Reason 1: Yen buying driven by expectations of a BOJ rate hike in next week’s monetary policy meeting. Reason 2: U.S. Core CPI YoY fell short of expectations, prompting USD […]
-99,620 USD. After the BOJ Monetary Policy Meeting, the Japanese Yen Fluctuates Wildly! What Are the Future Prospects and Strategies?
The trades from June 10th to June 14th resulted in a total loss of -99,620 USD. It was a challenging week, as significant fluctuations in the USD led to substantial losses. The decrease in the US PPI prompted me to take a large USD short position with buys in gold and AUD/USD, but the market […]