USDJPY

Up comming GDP and Jobless claims

Chat GTP says 52.5 chance slightly stronger USD

Scores:

• GDP Price Index QoQ (Q1): 60/100
  
• GDP Growth Rate QoQ (Q1): 40/100
  
• Wholesale Inventories MoM (Mar): 50/100
  
• Retail Inventories Ex Autos MoM (Mar): 50/100
  
• Goods Trade Balance (Mar): 70/100
  
• Jobless Claims 4-week Average (Apr/20): 50/100
  
• Initial Jobless Claims (Apr/20): 50/100
  
• Continuing Jobless Claims (Apr/13): 50/100
  
• Total score = 60 + 40 + 50 + 50 + 70 + 50 + 50 + 50 = 420
  
• 
  
• Number of events = 8
  
• 
  
• Average score = Total score / Number of events
  
• = 420 / 8
  
• = 52.5
  

Also with BOJ potentially raising rates last time the BOJ raised rates all currency pairs went up.

So accordingly it shouldn't matter if BOJ raises rates or not the USD is still going to go up at this stage as Inflation is still not squashed.

IMHO : )

Sentiment of Traders are Short USDJPY at the moment ?

Comment:

Looks like its gona keep running for today
Hong Kong Shanghai just opened
buying the kageebaz out of it.

Trend is yr friend

OMG it just shot up again