I had previously posted a weekly chart on the $JPY which highlighted the volatility coil which the $JPY has been trading in since the start of Abe/Kuroda monetary experiment. Well...the $JPY is at the tippy end now and will it break down or will the wedge's lower boundary hold?
With the BoJ out of "conventional" ammunition and seemingly on hold, is the $JPY a passenger to the Fed now??? The trade weighted dollar is losing momentum gradually as expectations of a full Fed rate cut cycle gets priced in, will the $JPY hold or break down??? Exciting times!
With the BoJ out of "conventional" ammunition and seemingly on hold, is the $JPY a passenger to the Fed now??? The trade weighted dollar is losing momentum gradually as expectations of a full Fed rate cut cycle gets priced in, will the $JPY hold or break down??? Exciting times!
