Today, I see investors begin to rebuy US Equity after US data released.
US Durable Good Orders + US Consumer Confidence beat the forecast and stop the falling of US Stock market also USDJPY .
I see USDJPY broke SMA200 : The next support is at 115.75
Resistance : 120.50 :This was old support and SMA200 is at there.
Tomorrow, the main focus is US GDP (Q2), and I expect this data will be posive.
I don't think China problem could cause great effect to US Equity market because only 20% of import product of US comes from China: US could live without China: Indeed.
I see the falling of USDJPY at a great chance to buy it at lower level.
Don't forget one thing:
- Japan will pay back China after Renminbi devaluation of PBOC
Two countries are in a real currency war : They all want to depreciate their currencies to win this war.
I WAIT FOR JAPAN REVENGE.