USDJPY – Down
USDJPY trading plan:
Cryptocurrency exchange Binance is likely to walk away from a deal to buy embattled rival FTX. Binance executives quickly found themselves staring into a financial black hole a gap between liabilities and assets at FTX that’s probably in the billions, and possibly more than $6 billion, according to a person familiar with the matter. On top of that, US regulators are circling FTX, investigating whether the firm properly handled customer funds, as well as its relationship with other parts of Bankman-Fried’s crypto empire. This is a negative signal for stock markets and USD JPY as assets correlate with each other.
Investment idea: sell 146.50 and take profit 145.75.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
