Starting with the pair which makes no sense at current levels, considering the most meager of rate differentials at +2.5% , were it not for the SNB's deranged policy of "supporting the Swiss Franc as an inflation fighting measure" (while Swiss inflation is barely holding at 2%!) and with the Swiss Franc already at nose-bleed levels. CHFJYP; a 50 year SHORT in...
The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple...
ENTRY: 5.5100 TP: 5.4500 TP2: 5.4000 TP3: 5.3500 SL: 5.5930 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
MXNJPY, suspect down, price on strong weekly resistance area. jpy strength suspect ahead, mxz is extreme bearish divergence.