FXY - Chart Link- remember these setups have to
trigger, no trigger no trade. Never triggered over the doji from
the previous week. So now we can shift down to last week's doji and
if this week forms a doji we can use that
Japan's Central Bank continues to use QE to hold their interest
rates constant; thus, the destruction of their currency. All
their Central Bank would have to do is to say they are tightening,
or say they are changing policy to not hold interest rates
constant, and the Yen would take off like a rocket.
Unfortunately, they have had this policy for a decade or
more....... With the rest of the world tightening, they are
the odd man out. However, certainly worth putting on your
trade setup. As you said, "No trigger, no trade".
Posted by retirefire on 11th of Jul 2022 at 04:43 pm
chart first but ...
"Current Prime Minister Kishida Fumio, the leader of the LDP,
now has a super-majority in the upper house, controlling more than
two-thirds of the seats. Fumio will have this majority for at
least three years and will be able to structure amendments to the
Japanese constitution, a life-long ambition of Shinzo Abe who was a
hawk to the influence of Chinese aggression in the region.
With the people supporting him, Kishida Fumio now has a major
mandate to fulfill the legacy of Abe and keep a focus in the
economic and security needs of the average Japanese citizen.
This is a rare moment of almost universal control within the
Japanese political system."
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FXY never triggered last week
Posted by matt on 11th of Jul 2022 at 04:10 pm
FXY - Chart Link- remember these setups have to trigger, no trigger no trade. Never triggered over the doji from the previous week. So now we can shift down to last week's doji and if this week forms a doji we can use that
the Yen has been destroyed
Japan's Central Bank continues to
Posted by Ray on 11th of Jul 2022 at 04:36 pm
Japan's Central Bank continues to use QE to hold their interest rates constant; thus, the destruction of their currency. All their Central Bank would have to do is to say they are tightening, or say they are changing policy to not hold interest rates constant, and the Yen would take off like a rocket. Unfortunately, they have had this policy for a decade or more....... With the rest of the world tightening, they are the odd man out. However, certainly worth putting on your trade setup. As you said, "No trigger, no trade".
chart first but ... "Current Prime
Posted by retirefire on 11th of Jul 2022 at 04:43 pm
chart first but ...
"Current Prime Minister Kishida Fumio, the leader of the LDP, now has a super-majority in the upper house, controlling more than two-thirds of the seats. Fumio will have this majority for at least three years and will be able to structure amendments to the Japanese constitution, a life-long ambition of Shinzo Abe who was a hawk to the influence of Chinese aggression in the region.
With the people supporting him, Kishida Fumio now has a major mandate to fulfill the legacy of Abe and keep a focus in the economic and security needs of the average Japanese citizen. This is a rare moment of almost universal control within the Japanese political system."