We wish we are right. Yes, we are 90% sure that yen is going to gain strength from now on. Reason? More and more corporate earning miss estimate off late and that will bring Yen cross proxy ie S&P and DOW down. Good opportunity for medium to long term trader to book few hundreds / thousands pips.
We are selling EUR/JPY at current level ( 164.50 with no SL and TP at the time being )
Wish u big luck in your trading!
we are out from eur/jpy trade at 161.3 for 320 cold hard pips. there is tendencies that the yen pair to gain strength again due to FOMC tomorrow. Good luck and happy trade