The unwind carry trades continues as probabilities rise of a US rate cut in Q1 2024. The JPY is the strongest currency in the basket. The USD continues to follow yields lower. Stops above 150.00 with longer term targets set at 140 make for a decent risk reward play. 👨 Join our Free Discord Community: bit.ly/TCTDiscord 💵 Apply for Funding: https://www.thecitytraders.com 🎁 FREE Weekly Watchlist and Market Report: https://go.thecitytraders.com/weekly-market-report 📈 Download FREE Naked Trading Cheatsheet: https://go.thecitytraders.com/naked-trading 📉 Download FREE Boomerang Trend & Reverse Strategy Cheatsheet: https://go.thecitytraders.com/1234-trading-strategy 🔗 Connect with us on Social Media Facebook: https://www.facebook.com/thecitytraderscom Instagram: https://www.instagram.com/thecitytraderscom/ Twitter: https://twitter.com/citytraderscom Tiktok: https://www.tiktok.com/@thecitytraderscom LinkedIn: https://www.linkedin.com/company/thecitytradescom -------- About The City Traders The City Traders is a community of aspiring traders who can explore effective methodologies to eventually make a career as a funded trader. We know that the education and proprietary trading industry is crowded with unrealistic expectations and criteria resulting in failures. We are solving these problems by focusing on three crucial areas: - Comprehensive education from real traders - Funding program designed by traders for traders - Growth in performance and personal development We strive to enable every community member to own their future and equip them with the skills and support they need throughout varying economic conditions. -------- Risk Disclaimer Trading the financial markets carries a high level of risk, and may not be suitable for everyone. The information made available here is to provide education only and not investment advice. We recommend that you seek professional advice before carrying out specific transactions and investments. Futures, CFD, Margined Foreign Exchange trading, Warrants, Options, and Spread Betting carry a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far over your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread/Binary Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved.