Jump to content

USDJPY signposts Stocks moves


Recommended Posts

USDJPY has been in lock-step with stock indices of late (well as much as anything can be).  Received wisdom is that the the Nikkei drops when the Yen strengthens and vice versa.

Right now this pair has been in retrace but is coming up on a potential turning point, which would lead to a final leg up to complete a 5 wave rally.  If stocks continue to mirror then we could see a coterminous point soon and a rally termination on USDJPY could also mark the top of the stocks bull.  Food for thought...

USDJPY-Daily_091018.thumb.png.64fd0f5e8d8f4e794a3fe3b9025e6d85.pngUSDJPY-1-hour_091018.thumb.png.2d0e957a942c3d28e13ab1bb1ad37fa2.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      19,040
    • Total Posts
      85,804
    • Total Members
      68,238
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    MightT
    Joined 01/07/22 20:24
  • Posts

    • Natural Gas remains 'the monster of the monsters', it requires no leverage and a lot of patience: lately formed a triple bottom, likely to test a previous support at 6400 and higher, it is a challenge for for those preferring CFD trading, especially for professionals trading high leverage! Otherwise can double, triple or more the equity and wipe out the account as well in a short period of time. It has no limits or previous time to count on, on any chart available! During the good days CAN tumble or spike up 7 -8% in a matter of seconds! IG remains the best for challenging the Natural Gas financial instrument!
    • It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if. Bitcoin on Thursday dipped below $20,000, falling down nearly 5% over the last 24 hours. This is the second time the largest crypto has fallen below $20,000 this month and it still remains under pressure, according to Edward Moya, a senior market analyst at OANDA. “Bitcoin is struggling to hold onto the $20,000 level,” he says. “If Bitcoin breaks below the recent low around $17,500, there isn’t much support until the $14,500 level.” The latest crypto market crash was spurred by momentary de-risking from Wall Street as many investors are feeling pessimistic about the economy amid surging inflation, a shaky stock market, and rising interest rates. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors.  
×
×
  • Create New...