As widely expected, Japan Prime Minister Abe's ruling coalition is set for a sweeping victory in Sunday's general election, and may retain the two-thirds parliamentary majority needed to revise Japan's constitution, according to an NHK exit poll.
www.theguardian.com/...ans-general-election
Abe win <=> bearish for JPY
Elsewhere, Japanese inflation data will be in focus as investors assess the need for further stimulus in the world's third's largest economy.
The dollar rose against a basket of the other major currencies as hopes for U.S. tax reforms were boosted after the Senate approved a budget measure that will allow Republicans to pursue tax cuts without Democratic support.
Markets will keep an eye on a preliminary reading of third-quarter U.S. growth to further assess the impact of recent hurricanes on economic activity and how it could affect the Federal Reserve’s view on monetary policy.
entry: 113,7-113,8
SL: 113,3-113,4
TP: ~115
risk/reward = 40/120 =1/3
www.theguardian.com/...ans-general-election
Abe win <=> bearish for JPY
Elsewhere, Japanese inflation data will be in focus as investors assess the need for further stimulus in the world's third's largest economy.
The dollar rose against a basket of the other major currencies as hopes for U.S. tax reforms were boosted after the Senate approved a budget measure that will allow Republicans to pursue tax cuts without Democratic support.
Markets will keep an eye on a preliminary reading of third-quarter U.S. growth to further assess the impact of recent hurricanes on economic activity and how it could affect the Federal Reserve’s view on monetary policy.
entry: 113,7-113,8
SL: 113,3-113,4
TP: ~115
risk/reward = 40/120 =1/3
Trade closed: stop reached:
unfortunately
keep in mind:
Powell = bullish
Taylor = more bullish
Powell + Taylor = super bullish
*Powell 59%
source: predictit