JLS: CHF & JPY Carry Traders Out of the Market
As previously stated that CHF carry traders already out of the market and their liquidation from their global investment on foreign currencies-denominated debt securities and currencies results the appreciation of the CHF in the market and to lead the CHF to be stronger. This leads the USDCHF, NZDCHF, CADCHF, AUDCHF, GBPCHF and EURCHF to downward to their lower ceilings.
The 110.50 un-hold by USDJPY to confirm the JPY carryy traders already initiatiate to out of the market. Their liquidation from their foreign currencies-denominated debt securities and currencies results the appreciation of the JPY in the market and to lead JPY to be stronger. This leads the USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY, EURJPY to downward to their lower ceilings.
The liquidation (unwinding) made by CHF and JPY from the market supportive to strengthen the USD in the market by her high interest rate and this will lead the NZDUSD, CADUSD, AUDUSD, GBPUSD to downward to their lower ceiling (followed by USDJPY and USDCHF, JPY and CHF stronger than USD by their liquidation activity).
The strengthening of CHF, JPY and USD followed by the strengthening of EUR in the market and to lead the EURNZD, EURCAD, EURAUD and EURGBP to upward to their upper ceilings.
Currency Band Directional Prices/Prices Trends:
USDCHF, NZDCHF, CADCHF, AUDCHF, GBPCHF - downward price trends to lower ceilings
USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY, EURJPY - downward price trends to lower ceilings
EURNZD, EURCAD, EURAUD, EURGBP - upward price trends to upper ceilings
USDCHD, USDJPY, NZDUSD, CADUSD, AUDUSD, GBPUSD, EURUSD - downward price trends to lower ceilings (USDCAD to upward)
Mixed Price Trends:
EURUSD, EURJPY, EURCHF, CHFJPY
Note:
GBP-pegged currency pairs most professionally managed interior their currency bands (harmony)
The 110.50 un-hold by USDJPY to confirm the JPY carryy traders already initiatiate to out of the market. Their liquidation from their foreign currencies-denominated debt securities and currencies results the appreciation of the JPY in the market and to lead JPY to be stronger. This leads the USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY, EURJPY to downward to their lower ceilings.
The liquidation (unwinding) made by CHF and JPY from the market supportive to strengthen the USD in the market by her high interest rate and this will lead the NZDUSD, CADUSD, AUDUSD, GBPUSD to downward to their lower ceiling (followed by USDJPY and USDCHF, JPY and CHF stronger than USD by their liquidation activity).
The strengthening of CHF, JPY and USD followed by the strengthening of EUR in the market and to lead the EURNZD, EURCAD, EURAUD and EURGBP to upward to their upper ceilings.
Currency Band Directional Prices/Prices Trends:
USDCHF, NZDCHF, CADCHF, AUDCHF, GBPCHF - downward price trends to lower ceilings
USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY, EURJPY - downward price trends to lower ceilings
EURNZD, EURCAD, EURAUD, EURGBP - upward price trends to upper ceilings
USDCHD, USDJPY, NZDUSD, CADUSD, AUDUSD, GBPUSD, EURUSD - downward price trends to lower ceilings (USDCAD to upward)
Mixed Price Trends:
EURUSD, EURJPY, EURCHF, CHFJPY
Note:
GBP-pegged currency pairs most professionally managed interior their currency bands (harmony)
Comment:
0.9700,1.1800, 107.00 still on target for profit