All observations being equal..under NORMAL circumstances we'd EXPECT a RETRACE. As it is tho, circumstances being what they are, we must be realistic. BOJ has created and offered their currency as an Active "Carry-Trade".. AND .. are ACTIVELY INTERVENING EVERY DAY in the devaluing of the Yen, whilst BUYING the US Dollar. So this is ONE REASON for the"Miraculous" MASSIVE Dollar STRENGTH, while at the same time DEVALUING the Yen.
It appears that the FED is looking to BOOST the "Wealth-Effect" in the US as Indicies hit "All-Time-Highs" to distract attract new players to it's "Ponzi-Scheme." So my Friends, beware of thinking that this is "Normal Forex" here, it is entirely Manipulated Forex!
To be clear, I am STILL trying to make SHORT USD/JPY work .. but the problem is, "Is the TIMING Right??" Warmly, Russ
It appears that the FED is looking to BOOST the "Wealth-Effect" in the US as Indicies hit "All-Time-Highs" to distract attract new players to it's "Ponzi-Scheme." So my Friends, beware of thinking that this is "Normal Forex" here, it is entirely Manipulated Forex!
To be clear, I am STILL trying to make SHORT USD/JPY work .. but the problem is, "Is the TIMING Right??" Warmly, Russ