Trade view /
18 August 2016 at 6:59 GMT
Our long USDJPY trade from yesterday
was stopped out overnight – it looks like we’re either wrong/too early or too tight on the stop placement. The Federal Open Market Committee minutes provided very little to go on and the market defaulted back to selling USD. The next test for the greenback arrives with Yellen’s speech next Friday at Jackson Hole.
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more