[GVI Forex 2]

• Out overnight

Japan FX Chief Calls Yen’s Slump Unusual, Vows to Act if Needed

• Kanda says yen moves not in line with economic fundamentals
• Will take action without ruling out options if needed, he adds (Bloomberg)

[GVI Forex 2]

TOKYO, March 28 (Reuters) – Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as traders drive down the currency on expectations that any further interest rate hikes by the central bank will be slow in forthcoming.

Explainer: What would Japanese intervention to boost a weak yen look like?

[GVI Forex 2]

11:30 a.m. March 29

Discussion — Chair Jerome H. Powell

Moderated Discussion with Kai Ryssdal

At the Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference, San Francisco, Calif.

[SF Monedge]

In on the buy side of AudCad from 8820 to hold through Asia likely at least.

[SF Monedge]

That’s it for bitcoin at 72000, slippery slope ahead and you can bank on it.  Regulators and the split coming up in April.

[SF Monedge]

On the buy side here approaching the figure in UsdChf purely intra into Asia

[SF Monedge]

Volume today in stock options contracts is garbage.  From a position standpoint I am liking the drawback in Sterling and am eyeballing the buy side to hold approaching 2600

[SF Monedge]

10yr should hold here around 41.89 for a bit

[Mtl JP]

almost as if just-in-time ordered:
–
‘High-functioning anxiety’ is trending on TikTok: What it is and 3 signs to look out for”

https://www.cnbc.com/2024/03/28/high-functioning-anxiety-is-trending-on-tiktok-what-it-means.html

I prefer studying AND using it to skin some posipips exploiting the phenomenon

[Mtl JP]

IF one is actively trading around 1.08
maybe a good thing to look at is either the 10-yr or 2-yr price movement

personal choice

[Belgrade Knez]

this EU hourly need to close below 1.0797 for further down move

[Mtl JP]

it is degenerate traders vs 5 min/5pip artists

[SF Monedge]

JP we almost got that Dxy 105 we spoke of the other day, and here we go again indeed as of 5 minutes ago you cansee the flows

[Mtl JP]

here we GO!

1.08 under attack

[GVI Forex 2]

XAUUSD 4-HOUR CHART – 2200 the focal point

XAUUSD holding off the retracement and making a fresh run at the 2222 high, which is in play as long as it trades above 2187-2299.

[SF Monedge]

GBP – I like the sell side of GbpUsd rest of day on pullups especially intraday

[GVI Forex 2]

BTC 4 HIYR CHART – BATTLE FOR 70000

BTC is back above 70000 but consolidating below and so unable to test recent highs.

So, expect more choppy trading but unless firmly established below 68000-70000, the highs are still in play.
‘

[Belgrade Bobby]

Mtl – EURUSD – 1.08250 is something of a pivot intraday

[Mtl JP]

EURO 1.0808
–
just abouve / on MA
players perception of CB’s relative odds of who is going to cut first likely a sentiment in play here

current S at 1.0775, R 1.0845/50
atm I am biased uP while above 1.08

[GVI Forex 2]

EURUSD 15 MINUTE CHART

End-of-month/quarter erratic swings are typical nut pause below 1.0928-29 jeeps the focus on 1.08 with some support as long as it stays above it.

On the downside, the low around 1.0775 keeps 1.0760 as key support.

[Mtl JP]

I am not expecting much price reaction from 10am releases
–
pending home sales and
U of M sentiment

[GVI Forex 2]

As I have been alerting, end-of-month/quarter-end flows seem to be taking over, reversing earlier USD strength, More about what has ti be done for end of the month/quarter than any speculative moves in the market,

[GVI Forex 2]

Japanese PM just voiced his verbal intervention. No reaction but the intervention warnings have reached the highest political circles.

[Belgrade Bobby]

EURUSD Weekly
Two important levels :
Resistance at 1.08500
Support at 1.07600

Current pattern is very Bearish for EUR

[Mtl JP]

how about bit of levity ?
–
headlines:
“A man who ‘hopes he runs out of money’ before he dies explains why you may not need as much cash to retire as you think”
(I actually like the idea, but prefer dying with sizeable debt)

genious ? granmama:
“Retired grandma, 71, still owes $108,000 in student debt nearly 40 years after she completed psychology degree: Amount is three-times the original loan she took out”

[Mtl JP]

GVI 11:58 / Earlier I had posted a THANK you note in reference to your eye on Waller
somehow it went POOF.

Basically I took as an INSTRUCTION to players what n how to play the DLR.

Overnite players understood the wink-wink hint-hint
ref some units down vs the dlr
euro, chf …

[GVI Forex 2]

EURUSD 30 MUNYTE CHART

‘
While 1.08 is the focal point, 1.0808 is the technical level to watch, as seen on this chart, as risk stays on the downside as long as it trades below it.

[GVI Forex 2]

EURUSD 4 HOUR CHART

I went to the 4-hour chart to find the next levels as EURUSD trades to a 5-week low

To state the obvious, 1.08 will set its tone.

Intra-day chart will follow

[GVI Forex 2]

AUDJPY 4 HOUR CHART – SHORT JPY POSITIONS BEING UNWOUND

USDJPY IS ABOUT UNCHANGED WHILE THE USD IS FIRMER VS OTHER PAIRS

AUD AND NZD ARE WEAKEST, EUR THEN GBP AND CAD ARE NEXT

WHAT DOES THIS TELL YOU?

JAPANESE INTERVENTION THREAT IS BEING TAKEN SERIOUSLY AHEAD OF A LONG HOLIDAY WEEKEND AS SHORT JPY (CARRY TRADE?) CROSSES ARE BEING UNWOUND

ON THIS CHART AUDJPY NEEDS TO TRADE BACK ABOVE.9842 OR RISK STAYS ON THE DOWNSIDE

[Belgrade Bobby]

Thursday Important data – Economic Calendar

USD Growth rate QoQ Final

USD GDP Price Index QoQ Final

USD Core PCE Prices QoQ Final

USD Initial Jobless Claims

USD Michigan Consumer Sentiment Final

With the data above, we can expect some lively moves today, in this pre Easter week .

[Author]

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