Hello Platinum Subscribers,
I hope you had a good week and as always here is our weekly round up with an update on how to trade the dollar-yen with Inter Market Analysis.
One of the most liquid currencies to trade in the forex market is the yen. The USD/JPY can be traded round the clock but is most volatile in the new york session which starts around 1:30 PM GMT
If you are new to trading and would like to learn to trade or use our Intermarket Analysis, then please read more about Learning how to trade on our forex blogs.
Trading the interest rate decisions can be very profitable if you follow the correct strategy. This week the Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75%. The Federal Reserve has also indicated it may pause rate cuts from here.
It may have taken time to play out, but after weeks of calling distribution finally the yen broke and crashed down +100 pips from our 109.30 Level.
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Have a Phenomenal Day