Automated Trading Signals Say Yen Is a Steal, But Volatility May Say Otherwise

Roughly two hours ago our Forex Automated Trading Signals bought the Japanese Yen against the Euro and Australian Dollar using the Momentum1 system on both. Both of these trades are currently in the red to the tune of about -96 and -84 pips, respectively. As such, one may want to grab these two at a discount. With an average per trade earnings of 26.32 pips, the system yields modest gains.

Fundamentally speaking, the Yen generally rallies as volatility and fear shakes investor confidence. But in the wake of the newly released U.S. Treasury plan, volatility has fallen as equity markets have substantially risen. With the Japanese Nikkei index currently up over 10% and US equity futures poised to open nearly 2.0% higher tomorrow, fear seems to be on the backburner for now.

See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.