- yen broke a key level
- Now testing a 4 Month Trendline.
- 4 Month Trendline has been tested twice in the past and bounced off, maybe bounce number 3?
- I will be happy to allocate long/short, off these levels.
Somethings of note:
-the BOJ uses JGB's Targeting in its monetary policy. My theory is that when you see out-sized moves in JGB's, its indicative of a change in monetary stance. Hence what affects currency affects bonds and vice versa.
- I also find the relationship of DXY and USDJPY interesting. This has been occurring since March. One would normally associate USDJPY weakness as you see DXY Strength.
- Now testing a 4 Month Trendline.
- 4 Month Trendline has been tested twice in the past and bounced off, maybe bounce number 3?
- I will be happy to allocate long/short, off these levels.
Somethings of note:
-the BOJ uses JGB's Targeting in its monetary policy. My theory is that when you see out-sized moves in JGB's, its indicative of a change in monetary stance. Hence what affects currency affects bonds and vice versa.
- I also find the relationship of DXY and USDJPY interesting. This has been occurring since March. One would normally associate USDJPY weakness as you see DXY Strength.
Trade active:
Short
Trade closed manually
