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Forex Trading – USDJPY plus 520 pips on 2nd March

   March 3, 2022
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USDJPYExcellent performane USDJPY on the 4H diagram, from 115.180 to 115.700 in just 3 periods(4H chart) and a total 520 pips. 0.55% profit when trading at 1:30 leverage.

More about USD/JPY (U.S. Dollar/Japanese Yen)?

USD/JPY is the ticker for the currency exchange rate between the U.S. dollar and Japanese Yen¥, how many Japanese yen needed to purchase one US$, one of the most liquid and traded currency pairs in the world’s Forex markets

The yen is considered a safe currency, meaning that in times of market uncertainty, investors seek refuge in the Japanese yen.

On the other hand, the yen goes weaken when the global economy is strong and stock markets are  positive.

USD/JPY Correlations

The USD/JPY has a positive correlation with USD/CHF because, the Swiss franc is another currency considered safe for investors. Besides, USD/JPY has negatively correlation with gold. While USD/JPY fall during the crisis, gold price went up.

Author: Editor