USD/JPY:Capitalizing on Interest Rate Differentials-Retracemen?

26 apr

The USD/JPY continues to experience upward momentum, driven by the significant interest rate differential between the United States and Japan. The US Federal Reserve has established the Fed Funds Rate within the range of 5.25% to 5.50%, while the Bank of Japan maintains its cash rate between 0.0% and 0.1%. This substantial gap in interest rates favors parking capital in US Dollars (USD) over Japanese Yen (JPY), consistently influencing the bullish trend of USD/JPY.

In response to this market dynamic, we have implemented two limit orders and set a stop loss above a monthly resistance level. Our strategy anticipates a retracement for the USD pair, considering the prevailing conditions.

26 apr

Trade attivo

First Pending Activated !

29 apr

Trade attivo

✅ All positions Open

1 mag

Trade attivo

✅ Looks good :)

5 mag

Trade chiuso: obiettivo raggiunto

✅ CLOSED 100%