Category: longs
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Carry trades cleared out, USD/JPY longs dip a toe in the water
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Markets are struggling with some of the drama of the past two weeks today. Japan is on holiday today, and the US economic calendar is empty, so this is a good time for markets to catch their breath. But what is striking is that the yen has become weaker overall…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…