Wednesday, June 5, 2013

Japanese Yen continues rising

Waiting for two last days of the week Yen started rising. Of course, we do expect it to consolidate before key events tomorrow and the day after tomorrow, but for the time being do not expect it to weaken. Even gbp/jpy and eur/jpy remained under pressure. There isn't much to say as I did not take any trades today and not intending to.

However, tomorrow is different. I am planning to trade eur/gbp, gbp/chf as well as eur/usd and gbp/usd. Crosses of eur/jpy and gbp/jpy are also in my focus. Busy days coming! Today is preparation. I will probably trade breakouts in Yen pairs and if a reversal takes place in US dollar pairs I will do the trades too.