I can see the argument for UsdJpy making it to 160 now that the MoF and BoJ have shown they are apprehensive to take action following their recent rate move. Shorting this pair looking for intervention may be best served by trailing sell stop entries as it climbs. Expecting limited covert interventions to stem the ferocity of the tide. It appears the BoJ of this crew are more Ninja than Samurai.
new york times
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Antony Blinken and Xi Jinping Make Small Progress Amid a Larger Gap
– Meeting in Beijing, the U.S. secretary of state and the Chinese leader struck conciliatory notes. But there was no hiding their governments’ core differences.
I am assuming most anyone reading the abouve sees it as : Failure
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A New Pacific Arsenal to Counter China
– With missiles, submarines and alliances, President Biden’s administration has built a presence in the region to rein in Beijing’s expansionist goals.
I am assuming the abouve is music notes to some and visually diabolocal prospect for some others
bobby thanks for suggestion.
definetely takes some investment of time and practice to get used to
of which I had abit moments ago..
I prefer the a href = linking as I use it on my coding fairly regularly:
EURUSD – Daily
Eur did not succeed in penetrating above 1.07500, and got smashed pretty nice after testing it.
Looking at the Daily chart, if it manages to close tonight above 1.07000 , bet are still On for higher – test of 1.08150 , but any close bellow 1.06900 – All Bets are Off
Comes Monday, we can have a run for the support at 1.06300, and in which case I don’t see it holding.
switching from russia to china …
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Apr 26, 2024 Beijing CNN —
US Secretary of State Antony Blinken said the US has seen evidence of Chinese attempts to “influence and arguably interfere” with the upcoming US elections, despite an earlier commitment from leader Xi Jinping not to do so.
how dare they ! or better yet: how DO they do it
looks like a valuable skill to me
JP – Mof and Boj lost this round. I thought last night they might chicken out. They are afraid to do anything for fear of making a mistake. Ecoinomy is not hot so shouldn’t raise rates further. Economy is stagnant so anything could upset the balance. The issue is import/export will get so out of balance if the Yen weakens further the economy could start to irreparably suffer and they are too late to do something. So my next thought is covert intervention in almost undetectable tranches to stem the tide only. Until next meeting. Little Samurai’s.
what is in a word eh ?
urge, pressures, threatens
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wsj
Blinken Meets With Xi as U.S. Pressures China to End Support for Russia
Secretary of State Antony Blinken urged China to cut back its support for Russia’s defense industry and warned that the U.S. was prepared to act if Beijing didn’t heed its concerns.
blinken prancing around in janet’s dodo steps making threats
should go over well with xi.
wanna be short dlr into the week-end ?
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