Yen Signals More Pain for Dollar Bulls

The video discusses the current state of the foreign exchange market, focusing on the yen and its relationship with the dollar. It covers recent trends in the dollar-yen trade, including technical resistance levels and market momentum. The potential impact of Janet Yellen's upcoming testimony on the market is analyzed, along with the sentiment surrounding the Trump trade. The video also highlights the importance of technical analysis in understanding market movements and the role of leverage in trading strategies.

What is the current trend in the dollar-yen trade according to the analysis?

• The dollar is strengthening against the yen.

• The dollar-yen trade is unpredictable.

• The yen is strengthening against the dollar.

• The dollar-yen trade is stable.

How might Janet Yellen's upcoming testimony affect the dollar-yen exchange rate?

• It could lead to a rise in the dollar.

• It will have no impact.

• It will cause the dollar to fall.

• It will definitely cause the yen to strengthen.

What is the market's current expectation regarding the March rate hike?

• The market assigns a high probability to it.

• The market assigns a low probability to it.

• The market is indifferent to it.

• The market is certain it will happen.

What has been the trend in leverage positions in the yen market since the beginning of the year?

• Leverage positions have increased.

• Leverage positions have decreased.

• Leverage positions have remained the same.

• Leverage positions are unpredictable.

What is the sentiment among traders regarding the 'Trump trade'?

• Traders are indifferent to the 'Trump trade'.

• Traders are confused about the 'Trump trade'.

• Traders believe the 'Trump trade' is over.

• Traders are confident in the 'Trump trade'.