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Swing Traders, Watch Out for the Yen!

21 September 2016 Trading Tools

After last night's fundamentally-based moves, USDJPY is now at a turning point, with interesting scenarios shaping up for bulls and bears alike.

Because of price playing around key daily levels with potential of strong moves either way, today's opportunities seem particularly interesting for swing traders. But short-term traders could also find great areas to buy and sell on intraday moves.



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Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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