Coming down from the last week's NFP, today's retail sales, CPI, and ahead of FOMC.
Making lower lows and below the neckline of a potential double bottom on daily chart.
Let's see if the support area holds after today's meeting. A hike is fully priced in and movement would be dependent on the speech delivered during the meeting.
The Risky BOJ front run trade using CPI inferences
- I find it very interesting that the BOJ is releasing ALL of its key economic data (minus GDP) before making the easing decision, especially as we have already had CPI data this month so we will have an 2 CPI releases in one month which ive never seen happen before (CPI from JPY is usually due next week).
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