USDJPY ->Short
- Japanese exporters selling high volume of USD
- US stock market (yesterday) and Asian markets are doing well + US10Y yield slowly increasing -> risk on -> rare to see USD being bought
- Maybe investors are adjusting their holdings due to high volatility of stock markets. or maybe temporal capital flow to US -> these are hypothetical...
- Banks are guessing to reach 106, but based on technical analysis...
- Maybe recent price is because of NY cut?
Difficult to explain the recent rate movement :(
I think this movement around 105 is just temporary. Big fishes will soon dump it.
- US stock market (yesterday) and Asian markets are doing well + US10Y yield slowly increasing -> risk on -> rare to see USD being bought
- Maybe investors are adjusting their holdings due to high volatility of stock markets. or maybe temporal capital flow to US -> these are hypothetical...
- Banks are guessing to reach 106, but based on technical analysis...
- Maybe recent price is because of NY cut?
Difficult to explain the recent rate movement :(
I think this movement around 105 is just temporary. Big fishes will soon dump it.
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