Day 47/100
Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside
Fundamental Catalysts:
- Fed rate hikes
- BoJ policy updates
Bullish base-case:
- Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path
- BoJ will remain dovish // not as hawkish as expected
If base-case is wrong, only then I'll be considering further downside
Technicals
- This week rejecting 138 key pivot area
- If it closes bullish this week, more upside is to come; a push back into 145
🥂
Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside
Fundamental Catalysts:
- Fed rate hikes
- BoJ policy updates
Bullish base-case:
- Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path
- BoJ will remain dovish // not as hawkish as expected
If base-case is wrong, only then I'll be considering further downside
Technicals
- This week rejecting 138 key pivot area
- If it closes bullish this week, more upside is to come; a push back into 145
🥂
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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.
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.