A First Approach at JPY Crosses : Attempting to Exploit Long Term Inefficiencies
Several days ago I wrote a post about JPY crosses and why it has been so hard for me to find long term inefficiencies on these currency pairs. I talked about the fact that lack of liquidity makes this pairs exceedingly hard to trade and the finding of price action based inefficiencies was always a difficult and fruitless endeavor. During the past few weeks I have been dedicating some time to the analysis of these currency pairs and the way they have traded for the past 10 years and I arrived to some very interesting conclusions that allowed me to get my first 10 year profitable backtests on this "hard to tame" currency pairs. On today's post I will share with you my analysis of these currency pairs as well as my first likely long term profitable results on JPY crosses. What did I find out after a ten year analysis ? A long term analysis of these pairs reveals some very interesting characteristics. The first and most important one is that their trading character changed a...