Japanese general elections took place on Sunday. According to exit polls, PM Abe’s party is going to celebrate the victory. These were not good news for the Yen, definitely. This means the Central Bank will continue its ultra-easy monetary policy. And, indeed, the government is going to hasten the process of Abenomics.
It is not surprising USD/JPY opened with a...
Expecting GBPJPY to fall over the next week or so. Could possibly see it reach 150.00 first which is a previous area of resistance. Should we get triggered in I would hope to see this reach around the 147.000 level long term
Yesterday USD/JPY hardly gave any signs of life. The pair touched 112.47 high, but finished the day back around the open levels. Both Japanese calendar and US docket failed to impress the market.
On Monday, USD weakness sent USD/JPY to the 3-week lows. Anyways, USD still has its three trumps – rates, tax reform and the next Fed chairman.
Trump may announce the...
The dollar got up on the wrong side of the bed. Its last chance is the CPI release.
Let’s be honest: even the positive data could hardly help USD to move to the green zone this week. It is not surprising. Trump’s tax reform has proven to be just a distraction, as expected. And the mystery around the next Fed Chair has also disappointed the USD bulls.
Remember you saw it here first! all out on this and bitcoin right now lets see how it plays out.
i feel we are in a very interesting time in the market right now and there is huge potential for a lot of volatility coming up to the end of the year!
- bearish bat pattern in line with previous resistance
- price deviated from 20 ema on Daily
- price hitting 20 ema on 4hr as resistance
- rsi approaching resistance on 1hr and shows bearish divergence
- great R:R
* However I have entered early as my risk is reduced and the .886 fib entry is past resistance.
D. Trump announced a new round of financial sanctions against North Korea on Thursday. And the «hermit kingdom» wasted little time in responding. The leader of North Korea can’t help but bothering markets. This time the menace is quite serious since we may be talking about hydrogen bomb test in Pacific.
It’s obvious that the traders’ attention is now far from FOMC...
Based on monthly bearish channel and resistance level. JPY could strengthen technically against the USD. Tensions with NK could send this pair down to 110, which I'd like. Apart from that, NFP friday in 2 weeks, I may close it before that.
- bearish bat
- rsi approaching over bought 15 min chart
- higher price has been rejected about 4 times
- RSI divergence on the 4hr chart
- RSI is overbought on the Daily chart
- relief should be coming soon after this correction period, price could be shorted to 148.200
- price deviated from 20 ema on 4hr chart
- price has also reached weekly resistance from 2013-06
Asian markets are closed due to Respect for the Aged Day celebration. Anyways, USD/JPY managed to show quite an impressive rise ahead of the London opening.
Geopolitical risks don’t seem to bother the markets anymore which supported the demand for the riskier USD and pushed USD/JPY up to 111.42 high.
The pair is poised to refresh July, 27 highs at 111.70. It looks...