15 Februari 2022, USD/JPY
USDJPY trading plan:
Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term. Stocks have been hit in recent days and traders have rushed to safe-haven assets amid rising worries over a potential conflict in Eastern Europe. Russia invasion of Ukraine could be expected to drive up energy prices, while the prices of other commodities also could surge. Higher energy prices spike could destroy demand and perhaps tip economy into an outright recession. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: sell 115.60 and take profit 115.11.