Short

USDJPY Short Opportunity

Since the recent market expansion on USDJPY we have seen a fake breakout reaching a high of 118.452 and it has been up and down since it reached this point. With a more than likely rate hike on the way from The Fed, and optimistic news from the Bank of Japan. I think we could see a return to about 115.500 level at least. I speculate that this is a situation that cannot continue. With US Inflation past 7%; if we don’t see a market correction they are basically cutting their legs from under themselves. If the US prices Japan out of the market. They are only hurting themselves. This will thrust the economy into a recession at least and a depression at worst. It is only a matter of time before American Households clamp down further on their money. With Gasoline at almost 7 dollars a Gallon in some places. This cannot continue. Furthermore, the US Money supply is too great in number; they are inadvertently diluting their own currency. It is either vastly stupid if they have turned a blind eye to it. Or asinine knowingly pushing their own populous into poverty.
I am holding my SHORT positions firmly as, I feel by Friday March 18th. The bottom will drop out. The numbers and the math both Micro and Macroeconomically is not sound; it cannot maintain this level or serious repercussions are imminent.

DISCLAIMER: NOT PROFESSIONAL ADVISE, only personal speculation. Please do your research before you initiate trading. Happy and Safe Trading

KonsigliereNera

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KonsigliereNera