JPY Basket (FXCM) - LONG

19 июл. 2023 г.

While I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum.
Again, I'd suggest to use this "basket" as an indicator rather than trading it outright - which is also possible.
(Work in progress on a properly weighted NAFTA + Japan Index.)