USD/JPY was little changed at 109.53. This morning, government data showed
that Japan recorded a trade deficit of 82.1 billion yen in November (355.5
billion yen deficit expected), where exports declined 7.9% on year (-8.9%
expected).
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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