BOJ intervention and Yen rally has sparked global recession.Currently we are eyeing on 33K region which is preferred buying zone respecting in Risk to Reward Ratio and trade management .We will open a buy order and wait for a pullback as fed has started a emergency meeting and rumours are spreading of earlier rate cut.
If our Plan A buying on 33K Fails we will follow Plan B which is Selling on retracement again following R:R with trade management.
Goodluck
If our Plan A buying on 33K Fails we will follow Plan B which is Selling on retracement again following R:R with trade management.
Goodluck
Trade active
Bank of Japan deputy governor UchidaOur interest rate path will obviously change if, as a result of market volatility, our economic forecasts, view on risks and likelihood of achieving our projection change
Japan is not in an environment where we would be behind the curve unless we hike rates at set pace
We won't hike rates when markets are unstable
Personally believe the US economy can achieve soft landing
See no big change to Japan, US economic fundamentals so market reaction to single US data appears too big
Recent market moves are extremely volatile so watching impact of their moves on economy, prices with extreme vigilance, will respond appropriately in guiding policy
Japan's real interest rate very low, monetary conditions very accomodative
Trade active
Bought the dip,currently at 35K
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.