Tapering and USDJPY Long Opportunity
Updated
Fundamentals:
(1) Fed tapering predicted by economists around November.
(2) Hawkish Fed
(3) US economists expect a potential peak in COVID-related hospitalizations at the end of September.
(4) Japan's outward M&A will reaccelerate into year-end.
Technicals:
(1) The daily and weekly price charts are in an upward trajectory.
(1) Fed tapering predicted by economists around November.
(2) Hawkish Fed
(3) US economists expect a potential peak in COVID-related hospitalizations at the end of September.
(4) Japan's outward M&A will reaccelerate into year-end.
Technicals:
(1) The daily and weekly price charts are in an upward trajectory.
Note
Note
Note
Took some profits, but the medium-term context is still intact and yields have been rising in the dollars favor. The yield spread/curve is not in the deleveraging territory yet.
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3 Drives
Note
Dragon and cup-with-handle pattern emerge in the DXY, supporting ouor long trade in USDJPY: Note
1hr days later: 15 minute more days later:
Note
Trade closed: target reached
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