USDJPY The Ninja 109.347 Prediction| 27th February 2020
Updated
As you have seen my previous post regarding USDJPY will hit the 110.00 on 21st February 2020 ? I have tagged the previous post towards this post.
The USDJPY experiencing 2 days sell off. While this week is the bearish week of the Ninja.
Persistence decline in Treasury Yield tells us that investor still risk averse. New cases of coronavirus were reported in South Korea, Italy, France, Iran, China, Brazil and the US.
US new home sales data were better than expected but this report is not significant enough to fuel the recovery.
Some investors may be encouraged by the beginning of human trials for a drug to treat the virus in US and the prospect of optimistic comments from President Trump this evening.
Trump is scheduling a special virus new conference and his tweets about the news media making "coronavirus" look as bad as possible suggest that he is going to downplay US impact.
Predicted the USDJPY falling to ground zero on 109.347 or worst 109.000
By Zezu Zaza
The USDJPY experiencing 2 days sell off. While this week is the bearish week of the Ninja.
Persistence decline in Treasury Yield tells us that investor still risk averse. New cases of coronavirus were reported in South Korea, Italy, France, Iran, China, Brazil and the US.
US new home sales data were better than expected but this report is not significant enough to fuel the recovery.
Some investors may be encouraged by the beginning of human trials for a drug to treat the virus in US and the prospect of optimistic comments from President Trump this evening.
Trump is scheduling a special virus new conference and his tweets about the news media making "coronavirus" look as bad as possible suggest that he is going to downplay US impact.
Predicted the USDJPY falling to ground zero on 109.347 or worst 109.000
By Zezu Zaza
Note
Today's attempted rally is clearly a dead cat bounce. Until coronavirus peaks and the number of countries reporting new cases decline, the risk of continued selling exceeds buying especially when countries like Germany say that we are at the beginning of a coronavirus epidemic. I haven't even seen the impact of the virus on earnings and February economic data. I've heard the warnings but when the data is revealed from countries around the world, it should trigger further risk aversion. It won't be long before GDP forecasts are downgrades so for all of these reasons, we remain bearish USD/JPY, all of the Japanese Yen crosses, euro, Australian and New Zealand dollars.
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