Using a sell-on-stop order for BoJ intervention At the moment | Forex Trading Experts 📊 HYCM

Using a sell-on-stop order for BoJ intervention

At the moment there is a strong threat that the Bank of Japan may intervene in the JPY to strengthen it. The Bank of Japan is not wanting to see further depreciation of the Yen since a weak Yen puts pressure on Japan’s domestic market. As Japan imports the majority of its energy needs a weak JPY increases those energy costs. Although it is true that the JPY’s weakness is advantageous for Japan’s export market (a weak currency makes exports more competitive overseas) politically there needs to be a balance between domestic and International market needs.

Tap here to learn more
https://bit.ly/HYCMLab-Oct17
Start_Trade_With_HYCM