As I said before market open yen to weaken amid japan olympic news..now we anticipate more yen weaken after tokyo open because nikkei anticipate to rise..watching !!
As I said before market open yen to weaken amid japan olympic news..now we anticipate more yen weaken after tokyo open because nikkei anticipate to rise..watching !!
Japan LDP Tax Chief: Virtually All Tax Panel Members Expressed Support for Sales Tax Hike as Planned.. .watching usd/jpy
Wonderful call on the Nikkei, it could go further as overseas investors start looking at it too. Foreign investment in the Nikkei index has quite a different impact on JPY than local investment though - by an intermarket perspective I find that the Yen very difficult to read. It reacts to changes in equity and bond markets similarly to USD but at a very different tempo.
At the moment is chy too - problem in the west is bullish JPY as a secure haven but increasing oil prices due to the battle are bearish JPY. Abe has sworn to drive it even lower but forces are working equities pulling back from all time highs are threatening widespread deleveraging back into the yen. He seems to be waiting out the current uncertainty to discover a better time to get his next push, likely wise IMO.
kindly overlook. . .the impliion when tapering is completed was...Originally Posted by ;
1. tapering done. . .usd deman for dollar rise. .
2. Then us ought to hiking the rate
3. With rate differential us is higher than japan..it will make demand for dollar to get caary trade...
hence usd/jpy will upward long term....this all only legitimate if no syrian war..huhu
because techincal still not overbought yet....
And market nevertheless price for your QE tapering ... Japan's will provide more stimulus in the event the tax hike ....Japanese yen #JPY could weaken to test 105 soon ...
logically traders soon will loosen the yen to generate a carry trade for usd/jpy again to acquire the rate differential profit since soon US will hike rate again and japan will provide reduced rate for long term ....watching...(notice:all occasion will erase if syrian war resurface)
I never managed to interpret fundamentals, hence kept it away from my trading. Now your interpretation is very good indeed, I am able to see the picture you are presenting I am able to include this fundamental into my trading efficiently. Technically too, UsdJpy is bullish if fundamental supports it, then it will be easy task to make money. You're doing fantastic job, please keep it coming...I will often post comments, but I'm having very keen interest on your blog, so dont stop this ever.
Thank you for fundamental analysis.
Cheers!
euro can stumble anytime soon. . .this is my reason base on fundamental technical. . .at least to check 1.3
Will Mark Carney suprise us again in inflation hearing UK today . . .watching GBP behaviour