I’m a position type trader who usually holds trades for a few weeks or even months.
So I’m asking: is it time to start buying Yen? Or maybe – is there still time to buy Yen?
Here’s a daily chart with the 10, 20, 50, 100, and 200 EMAs. Even the 200 EMA is has begun to ever so slightly turn down.
The weekly chart shows the USDJPY channel we’re in is about to break south.
So? Time to start buying yen? Has the carry trade game ended?