CHFJPY has broken out of the ascending triangle it has been forming for about 8-9 weeks.
Momentum is purely on CHF side, even though 10 year yield spreads are moving lower between Suisse and Japan.
It's hard to say whether Japan will ultimately get off the negative interest rate environment.
Spring wage negotiations have become so will have to wait.
Technically this is very bullish. Fundamentally I have an even bias.
Suisse inflations came out in line and its more the rental market focus on their end now.
The economy is doing ok. European recession fears and rate cuts would favour Suisse flows.
Geopolitics with oil tanker attack should favour more Suisse upside as risk off sentiment prevails.
Stops at 169.6
Target at 177-178 (will update).
Momentum is purely on CHF side, even though 10 year yield spreads are moving lower between Suisse and Japan.
It's hard to say whether Japan will ultimately get off the negative interest rate environment.
Spring wage negotiations have become so will have to wait.
Technically this is very bullish. Fundamentally I have an even bias.
Suisse inflations came out in line and its more the rental market focus on their end now.
The economy is doing ok. European recession fears and rate cuts would favour Suisse flows.
Geopolitics with oil tanker attack should favour more Suisse upside as risk off sentiment prevails.
Stops at 169.6
Target at 177-178 (will update).
Dagangan ditutup: hentian tercapai
Got stopped out.Will try again!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.