ridethepig

ridethepig | JPY Market Commentary 2020.03.04

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FOREXCOM:USDJPY   Dolar A.S. / Yen Jepun
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.

Komen:
Stops held by crumbs..
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Dagangan ditutup: sasaran tercapai:
After stops held by a tick, targets hit here!!
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Penafian

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