BombayBulls
Short

USD/JPY - Indisputable Loser - 7/5/2016

FX:USDJPY   U.S. Dollar/Japanese Yen
50 0 3
Whether GBP/USD             will go to 1.20 or EUR/USD             to 1.16 or AUD/USD             to 0.7600 is arguable. But what if there is a pair which has no other path but down without any argument in favor. USD/JPY             has nothing working in its favor.
Why downward path is of the least resistance?
- BOJ can't do much as of now.
- Abenomics is out of arrows or soon will be.
- BOJ tried to devalue the currency by only one thing and that is massive QE             program ( Nomenclature may be different but, what's in a name? that which we call a stimulus, by any other name would just inject more cheap money into the system ). But when every other central bank is doing the same thing then there isn't any relative advantage.
- Fed is no longer BOJ friend and might turn foe if changes the stance and cuts.
- US treasury yields are not going down but sinking like!
Now BOJ can do whatever they like to do but it will just delay the inevitable and can't change the trajectory. Every meaningful bounce in USD/JPY             is a sell
So, 95 before thanksgiving then?
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out