There goes another successful long term signal - Forex News by FX Leaders

There goes another successful long term signal

Posted Friday, April 22, 2016 by
Skerdian Meta • 1 min read

This morning we posted a market update about how USD/JPY had surged nearly 150 pips during early European session on the back of BOJ comments. It seems like now we´re seeing the second round of JPY selling. There were comments from the BOJ that they could lend money to the second level banks with negative rates. That´s pretty much like giving money away. Now that the US session has started the US traders want some of the JPY action too so they have pushed USD/JPY another 100 pips higher. 

The second leg of the USD/JPY uptrend is taking place right now

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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