USDJPY -> Long
Updated
Wait for USDJPY come down, then open Long position.
Expecting TP1 107 and TP2 108 for day traders and swing traders. (But I'm scalper)
Expecting TP1 107 and TP2 108 for day traders and swing traders. (But I'm scalper)
Comment
There will be Fed's Chair Powell today. Few days ago, Fed governor Brainard said she is worried about high long-term bond yield.
If Powell thinks the same way and mentions that Fed will control yield curve by purchasing long-term bond in order to decrease yield, I think there will be high volatility in the market today.
It is possible that Fed will control yield curve because Bank of Japan is successful by doing it. Even if Powell says Fed won't do it anytime soon, we need to be careful whether he will express that Fed may do it in near future.
Comment
Today, we have Nonfarm Payrolls (Feb). - Because Fed Chair Powell said he closely monitors labor market, institutional investors must be sensitive to the number.
- But recently, there have been adjustment to the number after release. So, we should be careful in case there is adjustment again.
- Initial jobless claims had been slowly decreasing -> higher possibility Nonfarm Payroll increased.
- If you compare Nonfarm Payrolls of Jan's and Feb's in the previous years, Feb's was higher most of the time. (higher 8 times in a decade)
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