Potential price action that I’m interested in: USD.JPY
BoJ’s Kuroda made some comments about tightening their ultra-loose monetary policy… Sure it’s, by 2020 or some such. But anything to make them move would trigger at least the short-term move we are seeing this morning. Confirms also the overall theme of central bankers around the world following the Fed’s lead, just 12-18 month behind it.
Short, USD / Yen around 105.30.
Long, Yen futures around 95.
CHART: Daily USD.JPY, going back to January 2011.