i HEDGED EUROUSD short now here the main reasons based on myopinion
Inflation in Japan's capital keeps slowing, takes pressure off BOJ
Core inflation in Japan's capital slowed for the second straight month in December, data showed on Tuesday, taking some pressure off the central bank to rush into exiting ultra-loose monetary policy. The Tokyo inflation data, closely watched as a leading indicator of nationwide price trends, is among key factors the Bank of Japan (BOJ) will scrutinise at the next policy-setting meeting on Jan. 22-23. Tokyo's core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.1% in December from a year earlier, government data showed, matching a median market forecast.
US dollar pulls back
The trend is still bullish, I see no reason yet to cut or hedge the longs(This is no recoammandation, so please do not copy my trades, as I write them here also for myown documentations!!!!! And always use stops, and sticktoyour own tradding strateies, as neither me nor others here are Moneyy and fundmanagers, who are allowed to give anyy trading advices nor we are in a CFTC authorities list. We just share our trading ideas, whatfor we tae respnossibility only. But not for your trades!!!) Also Fed’s Bowman Backs Eventual Rate Cuts If Inflation Falls Further
Federal Reserve Governor Michelle Bowman said inflation could fall toward the Fed’s 2% target with interest rates held at current levels, and offered potential backing for lowering borrowing costs if price pressures fade. “Should inflation continue to fall closer to our 2% goal over time, it will eventually become appropriate to begin the process of lowering our policy rate to prevent policy from becoming overly restrictive,” Bowman said in prepared remarks to the South Carolina Bankers Association in Columbia. “We are not yet at that point,” she said, adding that she remains cautious with upside risks to ..
the staements, the current fundamentals and rate cuts expectations that are now on my opinion vanishing+technical side of NQ gives me enough reasons to stay short and keep my short hedges