Tapering and USDJPY Long Opportunity
Fundamentals:
(1) Fed tapering predicted by economists around November.
(2) Hawkish Fed
(3) US economists expect a potential peak in COVID-related hospitalizations at the end of September.
(4) Japan's outward M&A will reaccelerate into year-end.
Technicals:
(1) The daily and weekly price charts are in an upward trajectory.
(1) Fed tapering predicted by economists around November.
(2) Hawkish Fed
(3) US economists expect a potential peak in COVID-related hospitalizations at the end of September.
(4) Japan's outward M&A will reaccelerate into year-end.
Technicals:
(1) The daily and weekly price charts are in an upward trajectory.
Comment:
Comment:
Comment:
Took some profits, but the medium-term context is still intact and yields have been rising in the dollars favor. The yield spread/curve is not in the deleveraging territory yet.
Comment:
3 Drives
Comment:
Dragon and cup-with-handle pattern emerge in the DXY, supporting ouor long trade in USDJPY:
Comment:
1hr days later:
15 minute more days later:
15 minute more days later:
Comment:
Trade closed: target reached
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
