Buy USDJPY @ 95.60

Published June 18th, 2009 - 06:48 GMT
Al Bawaba
Al Bawaba

My picks: Buy USDJPY @ 95.60
Expertise: Global Macro
Average Time Frame of Trades: 1 week



I have been long USDJPY since 95.60, a possible trendline support. Indeed, economic growth driven only by government stimulus is not sustainable and I continue to look for opportunities to sell rallies on export dependent currencies like the Japanese yen against safe-haven currencies like the US dollar.