ridethepig | JPY beyond the elections
Updated
🔸USDJPY - into the elections
Sellers have the move and already played the exchange towards 100 on the initial covid chapter I. They are aiming for the ideal Yearly closing position (the frontal attack against any laggards). I managed to carry out the deeply laid plan (a serious contender for chart of the year) at the beginning and by not being as familiar as I was with the well-known rules on Tradingview. Moreover, I know no other ending in which this precise striving of inflation is more clearly illustrated than in the diagram that follows:
Inflation expectations proceed as follows: as dismal Covid data floods the wires => stimulus then becomes a big part of that story
📍 There is no amount of printing that can counter deflation.
As globalisation contracts, it creates a deflationary tsunami on the underlying capital formation. We then have to factor in bottlenecks on the supply side from lockdowns, agricultural shortages and etc which create inflationary pressures.
The key idea is that they can simply clear the way for the Suganomics/Abenomics with a different pair of Calvin Kleins and prevent the breakdown of 100 is truly the only way to save Japan, because the MT and LT outlooks look awful there.
In the more immediate term, the second covid chapter and election protection may keep JPY in demand and lower-time frame rallies will still attract selling interest. Here tracking 105.8x as resistance for another attempt of 104.1x and 100.0x before the king starts its journey. How keenly the speculators are at outguessing the demise of Japan.
Thanks as usual for keeping the feedback coming 👍or 👎
Sellers have the move and already played the exchange towards 100 on the initial covid chapter I. They are aiming for the ideal Yearly closing position (the frontal attack against any laggards). I managed to carry out the deeply laid plan (a serious contender for chart of the year) at the beginning and by not being as familiar as I was with the well-known rules on Tradingview. Moreover, I know no other ending in which this precise striving of inflation is more clearly illustrated than in the diagram that follows:
Inflation expectations proceed as follows: as dismal Covid data floods the wires => stimulus then becomes a big part of that story
📍 There is no amount of printing that can counter deflation.
As globalisation contracts, it creates a deflationary tsunami on the underlying capital formation. We then have to factor in bottlenecks on the supply side from lockdowns, agricultural shortages and etc which create inflationary pressures.
The key idea is that they can simply clear the way for the Suganomics/Abenomics with a different pair of Calvin Kleins and prevent the breakdown of 100 is truly the only way to save Japan, because the MT and LT outlooks look awful there.
In the more immediate term, the second covid chapter and election protection may keep JPY in demand and lower-time frame rallies will still attract selling interest. Here tracking 105.8x as resistance for another attempt of 104.1x and 100.0x before the king starts its journey. How keenly the speculators are at outguessing the demise of Japan.
Thanks as usual for keeping the feedback coming 👍or 👎
Note
A quick update here as we approach 104 
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