USDJPY SHORT - Fed Unwinding pushes dollar lower

FX:USDJPY   U.S. Dollar / Japanese Yen
Doji candle has shown some indecision before pushing down and breaking a key past support price.

The context of price here is key.

Since we know that a decision has been made here that has pushed price out of a range value, we know that a return to this zone is going to have a fair amount of supply resting here.

Fundamentally, we have to keep the Fed's balance sheet unwinding as central to our thesis and almost ignore all of the other narratives occurring, such as trade wars and actual wars.

If you look at USD funding costs, as the Fed sheds the assets held on its balance sheet , 3 month LIBOR increases (and has increased steadily over the last year, but has gone parabolic since the Fed started unwinding).

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out