USDJPY+FOMC+BOJ
The chart tells 2 stories. First, the rate drop July 30th. 7 days of strong downward trend, afterward. News spike, comfort zone, FED minutes...........Powell Speaks, the market reverses the following monday. Even though bonds maintained a solid downtrend UJ wanted to recover. As it always does, thats why this pair is the only pair I trade. Its the best for exactly that. But soon I feel this range will end. Allowing Japans currency to continue the rise. This would push Japan to becoming a superpower as their economic model shifts into the new age, leading the way. This of course takes time but moments like these are at the turning points in history, before something big happens? Or will it be where the market just consolidates.
After Powell's speech, the market reverses last wednesday sept 18th within range of the HTF downward trend line, on the HTF. Another Rate Drop, right at the same location.
The market tries again to break the trend (not really just everyone loading up hahaha), right as Quarles FOMC member makes a public appearance, the market begins to see head winds.
And here we are now,
After Powell's speech, the market reverses last wednesday sept 18th within range of the HTF downward trend line, on the HTF. Another Rate Drop, right at the same location.
The market tries again to break the trend (not really just everyone loading up hahaha), right as Quarles FOMC member makes a public appearance, the market begins to see head winds.
And here we are now,
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