ridethepig | JPY Market Commentary 2020.03.04
For risk markets, historic times with US10Y breaking through 1.00, the 50bp cut is really sends ⚠️ signals that things are not as healthy as they made out as ECB insist they have no room to follow the Fed. Buckle up and remain defensive guys, I am adding USDJPY shorts on the day with targets 106.9x and 106.5x below. Stops needed to be above 107.9x.
For those tracking the 2020 macro map:
It is clear the macro map was short-circuited by the USD spike to mark a medium and long term high in DXY.
As usual guys thanks for keeping the likes and comments coming, jump into the discussion below for the intraday.
For those tracking the 2020 macro map:
It is clear the macro map was short-circuited by the USD spike to mark a medium and long term high in DXY.
As usual guys thanks for keeping the likes and comments coming, jump into the discussion below for the intraday.
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Stops held by crumbs..
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Trade chiuso: obiettivo raggiunto:
After stops held by a tick, targets hit here!!
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