A lesson on timing from USD/JPY
A lesson learned on my BUY for USD/JPY: was a bit premature. The latest 2Q GDP result from Japan today with the sharpest contraction on record coupled together with Japan's Economy Minister, Nishimura stating that Japan's economy is in a severe state would have cushioned my loss, and probably put me in the green.
Oh well, at least the loss is not too severe.
Fun fact: Did you know that the USD/JPY is one of the most traded forex pairs and is a benchmark for Asian economic health and even the global economy?
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