Catch USDJPY's recovery point

2 Kas 2023

The USD/JPY has further adjusted from its year-to-date high, sliding down to the vicinity of 150.00 amid the bearish trend in the USD. The currency pair extended its retreat overnight from the 151.70 region, which was the highest level seen since 2022, and continued to decline for the second consecutive day on Thursday. The spot price is currently trading just above the psychological level of 150, marking a drop of more than half for the day.

Although it still seems difficult to grasp any significant meaning behind this adjustment.

Plan trading

BUY 150.000
SL 149.500

3 Kas 2023

Not

+ 50 pips nice profit