Long position on Yen $USD $JPY #ECB #forex
Simple long position based on technical support line.
Fundamentals view:
ECB announced their QE program today.
Buying 60 billion euros worth of assets per month, 1.2 Trillions in Total.
Start March 2015 presumably end in Sept. 2016.
ECB says they will keep buying until Inflation rises.
Normally it means long USDJPY and short EURUSD.
Entry 118.26
TP1 119
TP2 121
SL 115.75
Fundamentals view:
ECB announced their QE program today.
Buying 60 billion euros worth of assets per month, 1.2 Trillions in Total.
Start March 2015 presumably end in Sept. 2016.
ECB says they will keep buying until Inflation rises.
Normally it means long USDJPY and short EURUSD.
Entry 118.26
TP1 119
TP2 121
SL 115.75
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