In Karate, offense is the best form of defence. The BoJ knows it. Japan faces a raft of economic headwinds which shows up in Yen’s performance.
The BoJ intervened strongly last year to support the currency when it skirted around current levels. Yen is hovering at those levels again. BoJ is anticipated to act. Such interventions typically mark the bottom.
This...
Extremely Aggressive Yen Call Spread Placed on Nov 17. But, It is crucial to comprehend that the purchaser of a forceful spread doesn't anticipate the price reaching its target zone. Instead, he simply require strong movement towards the price zone to earn X2 the amount or more. We will monitor the participant's conduct further to grasp his intentions and exit...
In the last 3 days, the increased interest of options market participants in the 0.00685 call has been noticed. The buying is systematic, but in small volumes and with a significant time lag. Such behavior is not typical for insiders, so we are most likely dealing with professional speculators. The purchase of this share is logically justified: the volatility of...
Our View
We expect the Yen to remain weak against the USD for the remainder of the year, supporting USD/JPY long positions. We believe the BoJ is more concerned about slipping back into deflation and wants to avoid raising rates until it is certain that sustainable 2% inflation has been achieved - supported by higher wage growth translating into higher...
Swing Trade Journal - 6J
MFI: Good
Algo: Good
The information and trading activities shared within this online trading journal are solely for the purpose of personal record-keeping and forward testing. It is important to note that any trades, strategies, or insights presented here are not intended as financial advice or recommendations for others to follow.
Not...
Interest rates are to asset prices, like what gravity is to an apple, once said Warren Buffet. Low interest rates imply low gravitational pull to asset prices. Similarly, a loose interest regime when faced-off against a fierce monetary stance, can send the former currency deflating at an alarming clip.
This paper peeks into the Japanese macro environment. It...
Downtrend on the 4 hr and 60 min
this is a 50% fib retracement level on the 15 min chart inside of a supply zone that has a 4hr TrendCloud component to it.
Video discussion:
1. What will happen to the US bonds themselves?
2. What will be the impact on the US dollar and other currencies?
3. How will inflation be affected?
We will also discuss the relationship between the US Bond, US Dollar and all the other Currencies.
Reference for trading in currencies:
CME Euro FX Futures & Options
Minimum...
Financial Losses: Trading in the Forex market carries the risk of financial loss. It's important to carefully assess your financial situation and only invest funds that you can afford to lose without affecting your lifestyle or essential financial obligations.
Financial Losses: Trading in the Forex market carries the risk of financial loss. It's important to carefully assess your financial situation and only invest funds that you can afford to lose without affecting your lifestyle or essential financial obligations.
Japanese Yen has been one of the weakest currency in the last couple of months. But, looking at the JPY Futures chart, we can see it finishing a larger A-B-C corrective decline, while it's trading at the support, which can cause reversal and recovery for the Japanese Yen.
Even COT data of the japanese Yen shows extreme levels for Large speculators (green). It...
The explanation for this analysis is in the text on the chart
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy, which includes the:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market...
I had to publish a new chart because the JPY Futures contract rolled over, resulting in a large gap in the continuous contract that I initially shared. Both take-profit targets were achieved perfectly! Linked to this post is the updated chart.
Commercial hedgers have reached max long levels on the COT oscillator. Large speculators and retail traders have recently capitulated on gold longs and dollar shorts, therefore, Yen may be an interesting place to see a short squeeze if the dollar rotation trade is to play out.
