I'm just doing my rounds and noticed the JPY pairs are undergoing some recent changes.
Look to the far right
AUD/JPY (green arrow is 9:30 am EDT)
EUR/JPY
USD/JPY
It's not Euro weakness
EUR/USD
There does seem to be some $USD weakness or at least in the $USDX in 3C signal, but that doesn't explain the other two as the AUD and EUR are in line. The Yen has some activity in the 1 min chart that would seem to explain it, but this may be coming from a more important place.
The 30 min Yen chart which has been strong since the first day of the year, it remains so, no damage at all.
By the way, ES was pegged to USD/JPY today (AUD/JPY yesterday).
Yen above is a different story, I'll check on it later.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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