“I am the house now.”
Scott Bessent basically told FX traders: go ahead, bet against me.
The U.S. and Japan have already stepped in to support the yen, and the yen has bounced strongly from its lows.
Now I’m watching USD/JPY on BingX and asking myself:
Would you still short the yen?
Or are you respecting the house?
Personally, I’m not sure I want to fade a Treasury Secretary who says he knows what the BOJ is planning.
This is the kind of FX setup I prefer to watch closely instead of rushing into a trade. The next move could depend heavily on policy signals and yen strength.
BingX also offers FX options, giving traders another way to express a view on the yen.
#USDJPY #JPY $DXY $USD
Scott Bessent basically told FX traders: go ahead, bet against me.
The U.S. and Japan have already stepped in to support the yen, and the yen has bounced strongly from its lows.
Now I’m watching USD/JPY on BingX and asking myself:
Would you still short the yen?
Or are you respecting the house?
Personally, I’m not sure I want to fade a Treasury Secretary who says he knows what the BOJ is planning.
This is the kind of FX setup I prefer to watch closely instead of rushing into a trade. The next move could depend heavily on policy signals and yen strength.
BingX also offers FX options, giving traders another way to express a view on the yen.
#USDJPY #JPY $DXY $USD
