The value of the Japanese yen is nearing its lowest point in 33 years, emerging as a hidden challenge not only for Japan but also the countries surrounding it. The USD/JPY pair remains under heavy selling pressure for the fourth successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and dives to over a two-month low heading into the European session.
Our other focus today is in Europe. France is at risk of flouting the European Union’s fiscal guidance while Germany and Italy are deemed not fully compliant.
And for our Trading Takeout, David Belle talks about why using colours on your charting solutions is a bad thing.
0:00 Intro
0:32 Huge turning point in yen?
5:48 EU to put France on fiscal watchlist — instability coming?
10:40 Why you shouldn’t use colours on your chart.
At Axi, our mission is to help people like you “Trade Your Edge”. We want day-traders on our platforms to reach their full potential and become confident long-term traders. That’s why we’ve teamed up with trading guru David Belle to give you a daily dose of market insight and wisdom. Each day we’ll delve into the breaking news and geopolitics (the fundamentals) and market indicators (the technicals) to help you trade with more confidence. We’ll cover forex, crypto*, oil and gas, stocks, gold and silver – whatever is moving the markets that day.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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