Ok, so this trade would be based on the rumors that the Japanese economy is not that great at the moment. And these rumors started before the COVID19.
Trump wants to make his country great, can't blame him for that. With the 2T $ stimulus package almost approved by everyone he's talking about getting back to business by Easter.
So USD being strong ( if Trump remains in charge ) and JPY showing signs of weakness because of the fundamental there in JP... USDJPY Long might not be a bad idea.
I would like this trade to be confirmed by a clean break of that trendline and a retest before I'm thinking adding LONG.
Trump wants to make his country great, can't blame him for that. With the 2T $ stimulus package almost approved by everyone he's talking about getting back to business by Easter.
So USD being strong ( if Trump remains in charge ) and JPY showing signs of weakness because of the fundamental there in JP... USDJPY Long might not be a bad idea.
I would like this trade to be confirmed by a clean break of that trendline and a retest before I'm thinking adding LONG.