CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76.09% of retail investor accounts lose money when trading CFDs with this provider.

JPY Draws Notice in 2024 with Downward Trend

Published: 05.01.2024
by Joseph Jeffriess

Welcome to 2024 Traders.

In today’s analysis, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year.

The JPY has also been seeing movement, but mainly to the downside into 2024. It’s the majors that have caught our attention today as we have watched higher moves continue.

We have run over the USD, GBP, and EUR to the JPY and reviewed what we like and what we are looking for to see further higher moves and possibly new trends or continuations develop.

What do you think? Could we see new continuations if we see pullbacks and new higher highs?

Today’s Video Analysis


Good trading.


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