Inflation data out of the UK, Eurozone and US this week. You know bond traders don’t like inflation and we know the relationship between bonds, specifically Treasuries, and Yen pairs… We also know the relationship between bonds and open market operations and inflation and interest rates…. These are important meetings and they are going to impact the Yen… What are you doing with the Yens as we head into these meetings? Taking a look at the market these pairs are setting up for a move higher, some still in the process of completing their reversal patterns. If you are a bull then just manage your stop as we head into these key risk events.

GBPJPY M15

Weekly target. Double bottom. Higher high. Bulls buy the higher low.

USDJPY M15

WM2. Double bottom. Higher high. Bulls are going to buy the higher low.

AUDJPY M15

WS1 is not the greatest support though if we get a right shoulder followed by a higher high and you are a Bull you aren't going to buy the higher low?

NZDJPY M15

Same as AUDJPY - would have preferred WM2 or WM1/ WS2 though if we get the right shoulder followed by a higher high bulls are going to buy the higher low. If this fails then I will look at the weekly target - which is very likely.

CADJPY M15

WM2. Head and shoulder? Well not yet - we need a right shoulder and if you want more confirmation a higher high with bulls buying the higher low...

One thought on “You are paying attention to the Yens, right?”

  1. Rana Haq says:

    Thank you for this post. I should be paying attention to YEN pairs.

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