USD/JPY fall proves that BoE fails to carry out its tasks
The Japanese yen again wins over the Canadian dollar as the G10 best performing currency amid a decrease in global risk appetite and a slide-down in oil prices. The uncertainty around Brexit and the US-China trade talks, along with poor reading of the US PMI in September, followed by an increased likelihood of the Fed’s rate cut in October, allowed the USD/JPY bears to gain the control over the situation. The strategy of selling the pair on a rise has been yielding a regular profit since late spring. It…
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