Purely because I want to help. I sold UsdJpy before the results in late Asia. I am sure you can see the result.
A brief expansion of prior post regarding UsdJpy and Japan’s new leader. The reason I know about why the pair was obliterated is because I am very much like a CTA. Because I was one. What separates a lot of people from the pack is dedication. I know about the change in leadership in Japan because I was active and absorbing mass amounts of vital information during the Asian session. Which I do every night, even on Saturdays and Sundays. I do not participate based on gimmicks offered by brokers or youtube stars, or TikTok stars.
Final note on the subject and then back to markets – If I were you I would listen to Jay with GVI. He was a real bank trader, and a very good one. Not the kind who was a bank trader but not talented but tries to sell themselves on youtube. An actual, solid, talented bank trader. If you do not think he is good you are fooling yourself.
Very simply, dedication and a professional approach. Not pajama trading approach.
The primary reason UsdJpy and other Yen related pairs jumped off of a cliff is because the new leader of Japan chosen just last night, Shigeru Ishiba, is strongly in favor of a stronger Yen. He is also in favor of a stronger military, which if you have any common sense is a good idea considering the highly dangerous global conditions at present and looking outward.
A look at the day ahead in U.S. and global markets from Mike Dolan
U.S. stocks surf new records as the last full week of the quarter comes to a close, with China’s furious monetary easing accelerating the rebound there and Wall Street eyeing the release of the Fed’s favored inflation gauge.
After a barrage of interest rate cuts, real estate props and stock market supports this week, China’s central bank cut its one-week reverse repo rate by another 20 basis points on Friday – trying to get across what it likely sees as an alarming economic slowdown that may see it miss 2024 targets.
USDJPY 1 HOUR CHART – Up like an escalator, down like an elevator
This is a classic example of a disorderly market so suspect the BoJ was in covertly to smooth the market,
Key support is at 141.73, a break would expose 140 and the low again,
On the upside, there is little until 146.49 (minor at 143.77) so use short-term charts if trading this currency.
some good. some bad. some ehhh
Why ‘capital preservation’ could be your riskiest — and worst — strategy for retirement
overall something new (or a reminder) for everyone reading it
Do you ever wonder why you turn on your screens and it is often hard to figure out which way the forex market will move as it appears to be in balance? Have you ever thought about why currencies settle into tight ranges with interest on both sides before making the next move? Have you noticed how a currency gets stuck in a tight range in one center and needs to see another center open up to break from that range? Well I have and can tell you the reason why.
BTC DAILY CHART – Trying
It still amazes me how Amazing Trader chart levels work on any instrument and in any time frame (see blue line – chart).
Meanwhile, BTC is trying to establish above 65K to setup a run at 70K but so far has failed to close above it.
Supports are clear at 62300-800 as only below it would deflect the risk from the upside.
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