FX.co ★ Trading tips for USD/JPY

USD/JPY has been declining for the past two weeks. It fell from 131 to 127, even though buyers are doing quite well beyond the level of 127.

But the recent decision of the Bank of Japan to adhere to a super soft monetary policy is likely to prompt an increase in the pair, so many expect the price to return to 125.7, the high last 2015.

This scenario calls for short positions, as well as the avoidance for long positions with stops beyond 127.

These ideas are based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!