Scott Bessent’s recent comments have definitely added another layer to the yen story.
With the U.S. and Japan already taking steps to support the currency, the yen has bounced strongly from its recent lows. That makes me think twice about simply shorting USD/JPY.
I’m watching the pair on BingX, but $ETH is also on my radar. Ethereum’s price action, like FX, can shift quickly when macro expectations change.
Sometimes the better trade is simply respecting the bigger picture instead of forcing a position.
#ETH #USDJPY #BingX #Crypto #FX
With the U.S. and Japan already taking steps to support the currency, the yen has bounced strongly from its recent lows. That makes me think twice about simply shorting USD/JPY.
I’m watching the pair on BingX, but $ETH is also on my radar. Ethereum’s price action, like FX, can shift quickly when macro expectations change.
Sometimes the better trade is simply respecting the bigger picture instead of forcing a position.
#ETH #USDJPY #BingX #Crypto #FX
