I will still get more deeper on head and shoulder
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That is one green day, trend remains out of safety and into risk
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These are the type of moves that can make your whole year
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Down day for Yen pairs and a big hit for AUD and NZD. But stocks are still telling us the Risk-on trade is in play
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For those playing at home… Be careful trading the JPY at the moment…
Once the USDJPY is above 145… The BoJ (Bank of Japan) is likely to make louder noises about intervening in the weakness of the Yen… Check out the Weekly TF to see last time the USDJPY was above 145… Late Oct 2022…
Japan is one of the very few countries in the world suffering from deflation… The BoJ is still rolling out Quantitative Easing and has not moved it’s Reserve Bank rate from -0.5% in this latest 18 month cycle…
Something has got to give…
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You have brought up a crucial point that deserves attention. However, considering the current situation, there is no inherent reason why USDJPY cannot appreciate. In fact, historical data shows that the exchange rate has exceeded the rate you mentioned in 2002. In 1971, it reached a level of 357.318. In essence, the forex market is highly unpredictable, and various factors can influence exchange rates. Unless Japan adjusts its current interest rate to a higher level, a wide range of outcomes is possible, one of which is the rate continuing to rise.
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Stocks rebounded , yen pairs mixed but the play remains short the Yen
Top Trade GBPJPY up 7 weeks in a row
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Not much happening today, and tomorrow is a US holiday so I would expect even less movement in our currencies.
Everyone have a happy 4th of July and I will be back on the 5th
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A mostly red day, stocks down, and only the GBP gained against the Yen
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Another red day for stocks and all Yen pairs
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Down week for stocks and Yen pairs, I am not seeing anything to suggest a trend chance
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We are settling into our normal summer season of trading. Stocks should move sideways with a slight downward bias, August and September are normal weak months for stocks. That would be a good time to see the Yen take back some of its losses. That Yen trade is getting pretty long in the tooth so a pullback would be healthy
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Stocks would rally and finish the day green, but Yen pairs were all down
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After a month and a half the Yen is out of the 8th spot, Seeing the Yen rally after such a long stay at the bottom is not unusual, what is unusual is this yen rally is happening while stocks are rallying. That is not supposed to happen
We live in an upside-down world
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Picked it… Winning… Been shorting Yen pairs and the Nikkei since my warning post…
As far as stocks… Take a look at the Nikkei… Down, Down, Down she goes…
Residing in the Asian zone… Tokyo is my bread and butter…
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The US dollar is in a free fall, and Stocks still rising
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A very green day with the US dollar following hard again
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The Swiss Franc and the Japanese Yen are strengthening at the same time…
Both Safe Haven currencies… Does someone know something we don’t??
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