Forex Analysis Report 4/11/19 – Is There More Upside For USD/JPY???

I have been trading Forex for the last 4 years.  One of the easiest pairs to trade is the USD/JPY.  If you want to know where it’s headed next, just pay attention to the S&P 500.  The Japanese Yen is a safe haven currencies, so if the S&P 500 is going up, it means a risk on environment and so the USD/JPY should go up.  If the S&P 500 is going down, it means a risk off environment and so the USD/JPY should go down.

Still, Street consensus favors a continued rally in the currency pair. According to RBC Capital Markets,

About the author: TIMM Trader
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