Trump continues the crusade against the Fed. He is absolutely not satisfied with the current monetary policy of the Central Bank of the USA, and he keeps reminding in his twitter. He accused the Fed that the Central Bank slowed the growth of the US economy on Sunday, also impedes the growth of the US stock market. Recall, the Fed is an independent body and has the...
There are a number of fundamental components that caused USDJPY to collapse on late Friday trading at the end of the North American session. Traders became spooked by the yield curve inversion which tends to be a sign of an impending recession. Traders were also not very happy with dovish Fed speak earlier in the week, chaos around Brexit, and no respite from the...
GBPJPY sell
emergency stop loss @ 147.00 to give space for volatility.
manual close if hourly/H4 candle close above 146.550
use proper risk to follow this trade plan.
The conversation on the Japanese yen is as much about the US economy as much as it is about the Japanese economy. This is mainly due to the fact that the Japanese yen acts as a safe haven asset during times of downward volatility, even if that volatility stems from Japan such as the natural and nuclear disasters that rocked the archipelago nation in 2011....
EURJPY can head up to a long move towards 125.800 so its a good opportunity for intraday traders
Trade Open: 124.675
TP: 125.800
S.L: 124.259
Do any trade with proper fund management and risk as per your account size
While the Japanese yen had been trading on an upward short-term support line, last week it broke this line. Interestingly enough though, it found another level of support similar to the previous level of support, but just with a bit of a less steep slope. Clearly there is much evidence to suggest that the Japanese yen should be taking a nosedive. Compelling...
USDJPY has a number of trends going against it to force price action downwards. Technicals and fundamentals are not on the dollar's side against the yen. Traders can see a number of oscillators and MAs suggesting USDJPY is overbought and due for a reversal. Moreover and probably more impactful are the fundamentals of the global economy which suggest major growth...
The price returned to test.
The price returned to test the medium term key support at 123.8. If it were violated to the downside with closure below it would be a strongly bearish scenario. This would immediately lead it to the next static support at 122.6. Within a couple of sessions then could try to break it down. The pair could reach the next support area at...
While there is much room to go before we hit resistance, I am really not a huge fan of this overall lackluster performance. Keep in mind, the BoJ owns upwards of 80 percent of the entire Japanese ETF market. 80 percent. Let that sink in. Also, export data is weak in an economy where exports make up 18 percent of GDP. If we gain five percent from today, nobody will...
Nikkei 225 is a bit tricky. Good fundamental data out of Japan such as dovish monetary policy, but weak export figures which is why its down today. Technically, we are well above most exponential moving averages, but stochastic reads overbought while momentum suggests we are still headed in an uptrend. Overall, not enough signals for one way or the other.
FUNDAMENTALS:
JPY:
- Rates remained the same in Japan, doubt they'll change anytime soon.
- ageing population, shrinking AD in the economy.
- Slow wage growth, however Abe has introduced a minimum wage to combat low levels of AD, but a weakening JPY will make it difficult for consumers to spend abroad - Which is good as the BOP will correct itself (X-M) -...
I am expecting price to rebound from the bearish streak at the 20742.2 price level, which also represents a fibonacci zone. However, it should be noted that the price is creating somewhat a triangle pattern and it is thus wise to watch out for further downside movement below the 20742.2 price level as prices might be heading to retest the upward trendline from the...
Here we can see the zoomed out macro map for the flows in usdjpy. If you are a believer in the bullish USD story and see this as an ABC corrective leg, after completing a multi decade 5 wave sequence.
Timing wise we have the seasonality flows to Yen as we approach the end of the fiscal year. Although the name of the game is to park in dollar so these are...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
