#PotentialTrades – Update #3

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.

or

Long, Yen futures around 95.

 

 

CHART: Daily USD.JPY, going back to January 2011.

Screen Shot 2018-03-02 at 6.36.51 AM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s