LONG (BUY)
TP
Recommended Entry Range
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SHORT (SELL)
โ ๏ธ Elevated volatility
TP
Recommended Entry Range
โบ USD/JPY has already hit our tightened TP. The extreme surprise and the overall very strong employment growth in September certainly make a Fed rate hike later this month more likely.
โบ We initially saw the USD rising sharply.
โบ We buy USD/JPY and take advantage of the short-term correction after the initial strong gains.
โบ We see EUR/USD back above 1.16000 now - also because Tokyo intervened again, causing USD/JPY to fall, or rather the JPY to spike. The USD comes out stronger following the NFP data.
โบ We can additionally SHORT EUR/USD here.
โบ The very strong NFP data strengthen the case for a Fed rate hike in September and show a US economy that continues to outperform.
position code / 100% Transparency - 26090401B
position code / 100% Transparency - 26090402A
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