Trading the USDJPY and the Japanese Yen

We present a trade idea for the forex pair USDJPY alongside the futures instrument Japanese Yen {CME: JMY) or 6J. The Yen could fall with the dollar but this combination is an interesting one to trade heading into FOMC on Oct 30. This is one of the riskiest of the trade ideas we present as Monday's can be strange with banks agreeing upon and setting interbank rates for the week a tad bit into the day, Monday.

Here is the trade idea for the forex


Here is the chart


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Risk Disclosure: Futures, forex, currencies and stock/options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Past Performance Disclosure: Past performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between actively monitored performance results and the actual results subsequently achieved by anyone using any traders newsletter service . There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of actual or simulated performance results and all which can adversely affect trading results. Although, TradeGuidance never presents hypothetical or simulated trade results, all trades presented can be in a simulated using back-testing to demonstrate similar results.