Cable Update (GBPUSD)

EURNZD LONG

Exactly? What is this about?
Unfortunately, our Kuroda's friend already went to bed early today.
She would give us an accurate insight on UJ

I am waiting TP patiently although I have none

He is good. The guitar is also played in south America, each country has its peculiar way.

...it's a battle of pot res -versus- pot rbs right now

1hr below

Found it..

Economists say the BOJ is likely to conduct a POLICY review in 2023.... they forgot to add the word POLICY on FF.. the most important one! No comment..

(Bloomberg) – The Bank of Japan is likely to conduct a monetary policy review sometime in 2023 and is poised to leave settings unchanged at next week’s meeting, according to a majority of central bank watchers polled.
Most read by Bloomberg
All 47 economists polled expect no change to the BOJ’s negative interest rate and yield curve control program at the end of the two-day meeting on Dec. 20. About 84% of respondents said the central bank should review after 10 years of massive monetary stimulus.
Click here to read the full results.
About 68% of economists expect a review to be announced in 2023: 30% see it in the first six months, while 38% expect it to happen in the second half.
Read Also: BOJ's next move will unravel loose policy, say 92% of economists: Reuters Poll
Whether the central bank conducts a comprehensive assessment of its ultra-loose policies will be a key market focus when Governor Haruhiko Kuroda ends his decade-long tenure in April. BOJ board member Naoki Tamura hinted in an interview that a review could take place as early as next year.
“Political evaluation is inevitable, but I don’t think it will happen immediately after a new governor takes office,” wrote Shigeto Nagai, a former BOJ official and head of Japan economic research at Oxford Economics, in a response to the poll. “It makes sense if they anticipate the dynamics of wage growth towards 2024.”
With attitudes adjusted following the last two major reviews, including the introduction of a yield curve control, market participants associate each review with some form of policy change.
With less than four months remaining in the Kuroda governorship, 92% of respondents said it is very unlikely or unlikely that the BOJ will take action to counter inflation or a weak currency. That’s up from 80% in the previous survey in October.
Kuroda has repeatedly stressed that monetary stimulus must remain in place until higher wage growth is achieved for current inflation to be sustainable. Only 15% of economists see the potential for the BOJ to rise to sustain its 2% inflation target, up from 29% in the last poll.
A separate Bloomberg poll this month showed economists expect a key indicator of inflation to slow to 1.3% in fiscal 2024.
wage negotiations
BOJ board members have cited the spring’s annual salary negotiations as a key event to monitor the momentum of wage growth next year. Some 81% of respondents said it is unlikely or very unlikely that negotiations will result in a 3% increase in base pay, the level some argue is needed to sustain 2% inflation.
“There is an opportunity for moves towards tightening to begin if the outcome of spring wage negotiations translates into much higher wage growth than before,” said Tomo Kinoshita, a global market strategist at Invesco Asset Management.
Deputy Governor Masayoshi Amamiya remains the top contender to succeed Kuroda in April, with 74% expecting him to be the successor. Hiroshi Nakaso ranks second, with 21% of economists seeing him as the next governor.
One of Prime Minister Fumio Kishida’s closest associates told Bloomberg last week that the two are among candidates being considered for the next central bank governor.
As for the biggest risk for the BOJ next year, half of economists cited a global recession and 11% pointed to a lack of wage growth.
“I expect a serious global slowdown next year, so any move by the BOJ towards tightening or normalization will have to be postponed to 2025 or later,” said Kazuhiko Sano, chief strategist at Tokai Tokyo Securities.

Trying a long to test yesterday’s high

DXY looks like ready to sink hard … at close to yesterday low..

looking for dxy to retrace a little to enter long

it might drop to take out the stops and then reverse. Seems to be the common trend recently

long 1.2410 Target 1.2423

Selling because most red tags members are selling is a dangerous phenomenon, 1.25ish and beyond then the fomc could make it fall other wise more bullish grinding

Thanks, thought the review was regarding policy or QE, with that volatile movement~75pips

Buy only, I should look for a bullish bounce in the 1.23729 - 1.23624 zone.

...not the most exciting session so far...5day adr down to 124pips, 30day @ 173pips. Fed's fomc later, as we know, - may shake it up a bit?

Battle right now between potential res and pot rbs

1hr below

Entered long with some shitty entries… tp 1.24200.. maybe we breach 1.24 next time gut feeling.. next hourly letss go… dxy sinking… fly cable fly

looks like you caught today's lowest price nicely

CADJPY SHORT

...1hr indecision doji close

1hr below

This dxy hourly candle has all the things to attack for a new low … lets hope it happens