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USD/JPY. The price is waiting for news from the US.

USD/JPY. The price is waiting for news from the US. | 06 November 2024

06 November 2024, USD/JPY

USD/JPY. The price is waiting for news from the US.

The situation for the pair under consideration also depends on the current counting of votes in the US presidential elections. At any moment, certain statements or data can significantly affect the price. Already, we can see how the initial decline suddenly turned into a price rise.
But this does not mean anything and does not indicate anything. The price can turn and start to decline, then rise again quickly. Such uncertainty and dependence on data from the US make trading unpredictable in the near future, similar to playing in a casino.
Therefore, it is recommended to take a short break and observe the situation without actively participating in trading.
Investment idea: flat.
Bob Stan
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