JPY Long Looks Good, But Risk/Reward Limits Trade Opportunities

Published June 17th, 2009 - 05:53 GMT
Al Bawaba
Al Bawaba

My picks: Long JPY
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week
 



The JPY has yet to lose its inverse link with equities, and the DJIA push below 8500 bodes well for the low-yielder, especially against EUR. That said, risk/reward potential doesn't really provide any great long-term trading opportunities, but I plan on selling bounces in EUR/JPY on a short-term basis.