EURJPY - BUY

31 Mei 2024

• Looks Like it's on the Move
  
• Pin Bar at the Bottom
  
• Usually a Very good sign it going up again
  
  
• Carry Trade scenario hasn't changed they still borrowing off Jappan basically overal consensus is it is going to go up feeling is strong.
  
  
• Profit for 1 Day:
• EUR 4.5%
  
• JPY 0.10%
  
• Profit for holding 100 lots of EUR/JPY overnight, based on the interest rate differential, would be approximately 1,205 EUR
  

• Volume coming in
  
• EUR inflation is expected to be higher coming up in retail sales down so good for higher interest rate case Strong for EUR
  

• EUR top of the Currency Strength Alert Metre JPY at the bottom all JPY pairs Weakest
  
  
• 100 pips
  

Lets See : )

31 Mei 2024

Catatan

Strong retail sales likely caused an immediate positive reaction, leading to a temporary spike in JPY strength.

Despite the positive data, existing market sentiment favoring selling JPY could persist, leading to continued overall selling pressure against the JPY.