Ahmad Hassam

Buy USD/JPY Between Current Price and 101.75 Recommendation Being Made by Japan's Biggest Brokerage!

Bloomberg News reported that analyst at Nomura Holdings Inc are recommending buying USD/JPY between the current price and 101.75 before the FOMC Meeting.

 
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Lahore, Pakistan -- (SBWIRE) -- 03/18/2014 -- Bloomberg News reported that analyst at Nomura Holdings Inc are recommending buying USD/JPY between the current price and 101.75 before the FOMC Meeting. This is what Nomura analysts, including Jens Nordvic and Yujiro Goto, wrote in an e-mail yesterday: “The FOMC meeting this week could be a catalyst for USD gains. We think removal of guidance related to the 6.5 percent unemployment threshold will weaken the Fed’s forward guidance on the margin, which could see some increase in US rates and USD support.”

“I expect the Fed to taper asset purchases by another $10 billion,” said Kazuo Shirai, a trader at Union Bank NA in Los Angeles. “There are a lot of investors wanting to buy the dollar on dips.” This will be Federal Open Market Committee first meeting since Janet Yellen took over as the FED Chairman from Ben Bernanke. It is expected that in this FOMC Meeting, the FED officials will scrap their 6.5% unemployment rate threshold and instead switch to qualitative guidance for signaling.

About Ahmad
Ahmad has done Master from Harvard University. He is interested in day trading currencies. Ahmad has developed a Forex Divergence System that he uses to make trades with a small stop loss of 15-20 pips and a profit target of 200-300 pips. This recommendation is being supported by his Forex Divergence System with the appearance of a strong bullish divergence pattern on USD/JPY H4 timeframe. RSI, Stochastic and MACD, all three oscillators are showing strong bullish divergence. When a bullish divergence pattern appears on H4 timeframe, it usually means the market is going to move up by 300-500 pips at least. It seems the market is anticipating a bullish FOMC Statement tomorrow. Ahmad is giving his powerful Forex Divergence System FREE.

For more information about the Bloomberg News article and FREE Forex Divergence System, please visit the following website:

http://tradingninja.com/2014/03/buy-usdjpy-between-the-current-level-and-101-75/