Yen surges for second day, USD/JPY drops below 156; oil and gold rise
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
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The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
WTI crude oil's bearish trade hit its first target at $89.58, but the breakdown failed and price reversed above $90.90, completing all four bullish targets.
Trading often rewards patience. Not taking action can be a deliberate risk management decision, not passivity.
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