The speech of the Fed officials may cause the US dollar and US stocks to pull back, while causing the yen to rebound. In addition, the Chinese stock market is still under pressure from Trump's deal, and the 6 trillion yuan debt stimulus of the National People's Congress has disappointed the Chinese stock market. If the market opens lower again today, it will also be unfavorable for commodity currencies. Therefore, it is best to wait for the price to fall back to key support if the New York yen is bullish in the short term.

Buy on dips after falling back to 91-91.3

Nov 12 2024