Sunday 2 March 2014

USD/JPY short !!!

Hi,

Taking into account the information coming from Ukraine. It should take into account the high risk of the outbreak of hostilities on the territory of Ukraine. Following information from the Eastern and Western news agencies, I believe that there is a high risk of a repetition of the situation that occurred in 2008 and Russia's attack on Georgia.

In view of the precarious situation should focus in the coming days on the currency, which are particularly liked by investors. I mean the JPY and CHF. We should expected weakening of emerging market currencies.

In the case of USD/JPY Technical Analysis also shows a lot of space to falls in around 100 yen per U.S. dollar.


chart 1. USD/JPY H4, 2014-03-02


regards,
oscarjp

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