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Canadian Dollar / Japanese Yen
Short
Updated

CADJPY sell

582
Falling below the 97 key level could confirm a JPY reversal. Expecting the 2nd half of this month to get volatile. Yen futures contract date is the 13th. FED also will be starting QT, have to see if the banks are finally willing to buy bonds with cash high balance sheets.
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For me waiting is crucial and I always seem to be early. Small lot size accumulation has started for me. snapshot YEN is absolutely shameless losing 100 pips/day is INSANE. I suspect banks will be forced by the FED to re-buy the bonds they were just selling to the FED to lose some 330b/month on. FED has the power to mandate banks to buy bonds, and I recall JPOW to not increase interest rates while performing QT. Significant change is around the corner.
MichaelKami
Trend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trend Analysis
MichaelKami

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.