YENOCALYPSE. TO BE CONTINUE...
Updated
The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows of 161.96 per dollar, sudden rallies that market participants said had the signs of currency intervention.
Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday. Combined with the estimated amount spent on Thursday, Japan is suspected to have bought nearly 6 trillion yen via intervention last week.
In technical terms, USDJPY Fx pair has broken its major Bullish 7-months trend.
What is next? I think retrace is possible.. But just to deliver much more to 152nd ground.
// Mega stocks are in ruins..
Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday. Combined with the estimated amount spent on Thursday, Japan is suspected to have bought nearly 6 trillion yen via intervention last week.
In technical terms, USDJPY Fx pair has broken its major Bullish 7-months trend.
What is next? I think retrace is possible.. But just to deliver much more to 152nd ground.
// Mega stocks are in ruins..
Note
July 19, 2024UJ goes to retrace , as expected.
// How much is the Fish?!
Trade active
July 22, 2024I want you back for the rhythm-attack
Coming down on the floor, like a maniac
I want you back for the rhythm-attack
Get down in full effect
I want you back for the rhythm-attack
Coming down on the floor, like a maniac
I want you back, so clean up the dish
//
By the way, how much is the Fish?
How much is the Fish..
Trade active
July 23, 2024👉 UJ just set new 1Mo Low, breakthrough 156 level.
Trade active
July 24, 2024👉 UJ just set new 1Mo Low, breakthrough 155 level.
Trade active
July 24, 2024👉 UJ just set new 1Mo Low, breakthrough 154 level.
//
We're breaking the f̶l̶o̶o̶r̶s̶ ̶ rules
Ignore the machine
You won't ever stop this
The chase is better than the catch
Here we go, here we go, here we go again
Yeah!
Sunshine in the Air!!
Note
July 24, 2024👉 Does Perpetual motion machine exist (sell yen-> buy greenback->buy super-duper AI-stocks) ?
👉 Perhaps Yes. 😂 But even the perpetual Machines need a break!
👉 Time to put some money in the pocket, as UJ reached 125-Day SMA.
Trade closed: target reached
July 25, 2024👉 UJ reached 152nd Ground.
//
Na na na na na na na na na na na
Na na na na na na na na na
HOW MUCH IS THE FISH 😄
Order cancelled
July 25, 2024TARGET FULLY REACHED. TRADING CLOSED.
Note
August 7, 2024
WE WILL BE BACK...
Trade active
September 6, 2024
👉 UJ has turned lower, following recent jobs report.
👉 Whether you love strong US dollar as strong US stock market, learn first what does "Not two mushrooms per spoon" meaning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.