USD/JPY 137 insight?
Updated
It's sitting at 144.70 but no momentum. Is it simply market indecision or good ole supply and demand complacency on value. I believe we will see 137 sometime in the near future. Will it be tomorrow or next week. I'm not to sure.
Trade closed manually
Closed 2 positions i'm going to wait to see if it retraces today and see if Williams percentage gets hot again. Reasons for this conclusion is because we have sentiment and news validating it in this present.
Disasters in japan. Japanese insurance companies take those payments and use it to invest when it comes to pay out, Meaning selling of other currencies and turning it into yen.
US Economy:
We won't see a turn around in the stock market or the US dollar till april of this year. In investing you should always consider economy lag, Economy lag does not care about whether traders think the feds won't cut rates. Sentiment was bearish in december like it always is every year, but lets still consider the economy is still in the process of cooling off. Don't expect a turn around immediately.
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