NIkkei 225 10 year ProfileBOJ intervened for the first time since 1998, to prop up it's the YEN, with some speculation they likely sold a lot of their massive reserves of long end (10-30 year) US T Bills to buy back the Yen. This hypothesis appears supported by the lack of short end yield movement at 4-5a, EST at time of BOJ intervention announcement late last week. Of note in this chart are:
- Almost a decade long volume profile aligned with vPOC at 382 retrace.
- Structure of current price action seemingly mirroring the covid structure as represented by the fractal in light blue above.
Jpnusd
GOLD 1W important support zone According to the previous analysis, we mentioned the falling trend of gold, which has now reached its important support floor. Currently, in case of support, we expect the price to increase and the downward trend to break, otherwise we will continue the downward trend.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
JAPANESE YEN FUTURES- first chart ever :-) + news from the last just follow with us on the JAPANESE YEN FUTURES- first chart ever :-)
news for today :
1.
Wall Street opens higher after Trump signs $900B aid package
Wall Street is opening higher after President Donald Trump signed a $900 billion economic aid package, helping to reduce uncertainty as governments re-impose travel and business curbs in response to a new coronavirus variant