#SaxoStrats: Shorting USDJPY

The US may have added a decent number of new jobs in May, as reported last Friday, but this week the Dollar is weak against both the Euro and the Japanese Yen. Saxo’s John Hardy believes the driver is weak risk appetite. Hardy admits he’s a longer-term USD bull, but in this video he offers a #SaxoStrat on how to trade the situation, believing USDJPY may correct lower still. This is John’s suggestion: Entry: Selling USDJPY, . Stop: . Targets: , . Time horizon: 2-3 days. You