I think I have already posted this. I have shorted USDJPY last month.
Well, posting it about for the record.
Well, posting it about for the record.
Giao dịch đang hoạt động:
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The Yen Trade-weighted Index at demand zone:
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So far, it is dollar weakness driving the move down today (April 16,2018). Is it sustainable? Well mid to long-term, yeah. JPY is still weak at the moment though.
Yet, looking at it from a broader view from the Japanese trade-Weighted Index, Japan has been gaining strength since last week, as can be seen here. If support holds it will show up later in our coincidental indicators, the currency meters; however, I have deeper reasons to hold short USDJPY and buy the Yens.
uploads.disquscdn.co...46521fa3127da7ea.png uploads.disquscdn.co...e1f0c43300a5ba45.png
Yet, looking at it from a broader view from the Japanese trade-Weighted Index, Japan has been gaining strength since last week, as can be seen here. If support holds it will show up later in our coincidental indicators, the currency meters; however, I have deeper reasons to hold short USDJPY and buy the Yens.
uploads.disquscdn.co...46521fa3127da7ea.png uploads.disquscdn.co...e1f0c43300a5ba45.png
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
NFP and Avg. Hour Earnings on April 6, 2018 will determine which way the USD will go next.