Trump tax plan
Schumer: no deal on ACHA
weak NFP -33K vs +80K expected
risk aversion trade: North Korea missile, Catalonia independence claim
weekly candle close at long term resistance.
overbought, Doji candle. sign of reversal.
Dollar tested long term support trendline.
-US rate hike and hawkish Feds talk this week. (except for Kashkari)
-Trump fiscal policy ($1 trillion for infrastructure, Mexico border wall, TAX CUT!)
-strong economic data (job, housing...)
-although Trump failed with #AHCA because of Freedom caucus, I believe it's easier for him to make a...
Trump's tax plan after meeting with airline CEOs in 2-3 weeks.
Trump-Abe meeting this weekend.
(Japanese company creating job in US, Trump will go easy on Yen devaluation)
UJ above 100-hour and 200-hour moving average.
Trendline resistance turn support.
Support level to watch: 100 4h-MA (~113.30), psych (113.00)
No additional easing from BoJ.
No rate cut.
Doesn't met Yen bear expectations.
Yen, safe-haven currency.
US Fed expectations to hike in June. More hawkish statement.
Seasonal May is good for USD.
Potential BoJ intervention.