Howdy, back here to dust off spidey webs after months in exile.
So here on the plate today is an idea on Dollar Yen (USDJPY).
On the technical front, we observed price moving higher in tandem with momentum seen on dollar index (DXY). Right now, it is consolidating nicely into a bullish flag and that represents a lovely opportunity to grab the bulls by the horn.
On the fundamental front, data on consumer spending both in US and China (last week) look seemingly robust and that is a pleasant tune to hawkish camp. This is exacerbated by positive developments from the iconic Virtual Meet between Mr Biden and Mr Xi.
Do your own diligent before any trades. This is purely for sharing and should not be use as a signal.
So here on the plate today is an idea on Dollar Yen (USDJPY).
On the technical front, we observed price moving higher in tandem with momentum seen on dollar index (DXY). Right now, it is consolidating nicely into a bullish flag and that represents a lovely opportunity to grab the bulls by the horn.
On the fundamental front, data on consumer spending both in US and China (last week) look seemingly robust and that is a pleasant tune to hawkish camp. This is exacerbated by positive developments from the iconic Virtual Meet between Mr Biden and Mr Xi.
Do your own diligent before any trades. This is purely for sharing and should not be use as a signal.