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Likely interesting to follow
Comment:
Short or sell on NZDJPY, AUDJPY, CADJPY, GBPJPY and EURJPY will be evaluated only after USDJPY stabilized at 112.00-113.00.
Comment:
I still target 117.00 with multiple long trade tranche. Final target subject to weighted rate at band with EURUSD and USDCHF.
Comment:
Long trade still active to target
Comment:
The USDJPY remains to be seen to upward to her upper ceiling supported by the current JPY carry trading activity.
Comment:
The AUDUSD and NZDUSD hammered down by their interest rate differentials to USD. It is expected to be followed by the GBPUSD and EURUSD to downward by their interest rate differentials to USD, and USDCAD, USDJPY and USDCHF to upward by their interestt rate differentials to USD.
At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.
However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.
At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.
However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.
