As I have said before, vying for 152+ is pure mental illness borne out of greed and brain-to-bull-market replacement.
Times of easy money off longing the dollar are over. CPI has shown this. The only things still up are fuel and rent, and arguably so.
As with anything, zoom out before you get excited and lose money. This is the only PSA I will leave here for a CONSIDERABLE time being.
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And there it is. Exciting pump orchestrated by big money to trick small money idiots already fading. Don't get caught. Japan is a heavily "face" preserving country, and entire Japan is expecting BOJ to hike. They will cave to peer pressure.
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Well, what did I say? I expected a hike out of negatives, but hiking straight up to 0.1% honestly surprised even me.
Not sure how to comment USDJPY rising despite the rate hikes. Market can stay a tranny longer than you can stay solvent. Stay safe!
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And just as I said: It's not hitting 152.
That being said, the rise was delusional and I hope everyone involved in this bubble loses their pants. The stock market is not slots.
EXCELLENT short opportunity at this level. Makes me regret severely I didn't wait, but I couldn't have anticipated people to be stupid enough to goad BOJ to intervene.
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Don't wait for PCE - This week will likely be volatile and likely will plummet the dollar down. Powell is getting more comfortable talking about cuts almost by the day, while BOJ is clearly not done hiking.
I don't want to sound deranged, but yen might dip below 100 in near future. By near future, I don't mean this year, though.
@itrade_07, We'll see. I was initially hoping for a very modest 144ish level because this was an initially short-term play. Now? Now I'm waiting for 140s or lower because the momentum will take this fucking plummeting down like a rock. 140s is very conservative in my opinion. This can very well go lower, and bulltards (not bulls, bulltards) brought this onto themselvs screaming 155! 155! 160! instead of being happy with 147 and 148.
itrade_07
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@Justletmeseethechart 😂😂😂 you are pissed, I must say reading 155 and 160 made me question my sanity. Best of luck.
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@itrade_07, Oh, I am. Don't get me wrong, there's two sides of the trade always. Even with a short bias I admitted 147-148 was a good long if it works out. At 148 everyone should have bowed out and went short because it was obvious this wouldn't go on forever, yet they kept pushing.
Bravetotrade
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