Reason: The Bank of Japan has maintained its policy rate at 0.25% and signaled a cautious approach to any rate hikes. While other central banks (such as the Federal Reserve) have moved towards tightening, Japan’s dovish stance contributes to a widening interest rate differential between the USD and JPY. This differential makes the USD more attractive relative to the JPY, potentially supporting a rise in USD/JPY.

Strategy Overview: After years of being a discretionary trader, I’ve automated my strategy to generate signals automatically and opened it to the public now. I no longer need to manually search for trades. I use data analysis and methods to identify and capitalize on market opportunities.

Risk Management: I only risk up to 1% of my total balance on each trade. This strategy minimizes losses and keeps my portfolio stable, even when market conditions change.

Join the Journey: If you like what you see, come along on this journey and give me a follow so you don’t miss any trades that my system may generate. But keep in mind, there might not be trades every day!

Long USDJPY

Nov 01 2024