DailyFX Roundtable

[B]My picks:[/B] Stay Long JPY
[B]Expertise:[/B] Fundamentals Combined With Technicals
[B]Average Time Frame of Trades:[/B] 1 Day - 1 Week

I think the shaky status of risk appetite works in favor of further JPY gains, but with high event risk looming throughout the day today, I don’t think that now is a good time to initiate new positions.

I’ve mentioned a few long JPY positions over the past week or so, including a short USD/JPY trade from 4/15 (triggered on 4/20, still open), a short AUD/JPY trade from 4/20, a short GBP/JPY trade from 4/27, and a short EUR/JPY trade from 4/28.