Since calling the top in USDJPY AT 160-162, I have been posting updates from one of Global-View’s long time and highly respected members who I nicknamed the “Savvy Trader.”
Scroll below and you will see highlights from and links to blog posts with updates from the Savvy Trader.
Scroll to the bottom and you will see his latest USDJPY update and trading strategy.
A New USDJPY Update From the Savvy Trader
Newsquawk Week Ahead 26th – 28th August
Summers says
(Bloomberg) Fed Recovered From Egregious Inflation Mistake
• Former Treasury Secretary Larry Summers says the Fed has redeemed itself.
• He told Bloomberg TV the central bank’s post-COVID policy was an “egregious” mistake.
• But the Fed appears to have avoided his worst-case recession predictions, he said.
Future jobs prints could sway this. For instance, if unemployment or nonfarm payroll data worsens, analysts have argued that a deeper cut could be worthwhile.
Yeah ! …. And start a TREND
I employ a largely quant based approach to markets as opposed to use of lines, averages and/or indicators. If certain properties are stable in UsdJpy looking into next week there is likelihood we see 143.20 or so, which is an area I may consider operating on a dominantly buy side basis again.
Caveat – There is none. I am smoking hot.
Greatest risk – Look no further than Kamala Harris and the rest of them.
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