FX.co ★ Trading tips for USD/JPY

The previous trading plan in USD/JPY talked about selling in the market to decrease prices.

That was what happened yesterday, after the release of US inflation data. That time, demand for dollar weakened against other currencies.

USD/JPY lost about 6,000 points, allowing traders to close their positions and gain profit.

Congratulations to those who followed the strategy!

To those who are yet to exit the market, do so at current prices.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.