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1.2.3. Draw... Watch for ECB News & IMPORTANT DESCRIPTIONEur had good CPI while Usd CPI came bad. USA Gdp expectations for next week is DOWN by .07 + FOMC Statement is next week. I highly doubt it will sound pretty considering USD has had no good economic news since rate hike.. china worries.. Financial Markets falling.. China restricting restricting banks from buying so much US DOLLARS.. & the IMF lowered Global GDP. It WON'T be a pretty statement.
Nzd Jpy.. news coming.. & more next week...Long Term Short..?China news does help out the Yen & the wedge is closing in
Caixin Manufacturing PMI - Sunday
Japanese 10 yr Bond Auction - Monday - -- Japan just matured its bond.. this auction is a good clue how attracted the Jpy-Bonds look.. it helps for the future of the Yen
Dairy Prices - - - - - - - - - Tuesday
China Cpi y/y -------------------- Friday
UsdJpy - Flag spotted on .618 Fib lvl / support & news...USD-news expectations are very tight to the previous data soo that doesn't help. There is China Caixin manufacturing PMI that has better expectations than previous data.. ( by a hair line ) .. see how much attraction Japan gets this week on 10 yr bond auction for a clue of investor confidence..( Japan just matured their bonds btw ) There is USD-NFP & the thing that can change it all here is the FOMC Meeting Minutes.. last is the China Cpi- y/y
This can be a game changing week for this pair