DislikedGM All .. yippeeeee .. wuuu huuuu .. patience really pays off
I've read a few last pages suggesting a bounce to the upside. Well, I have a different look. Even though this move is mainly driven by weak pound, I think other yen pairs would do the catch up soon. Yesterday and current Bond data supporting the move as well. Investors are buying back Yen due to yield differences. It may or may not be the risk aversion move.
UJ is still at overbought area as well as EJ. The uptrend is already in exhaustion (very rare to see over a week long of moving up with slow speed). Later on when we see UJ tanks, we would really see all Yen pairs tank across the board...The GJ still has a lot room to the downside...
Hopefully .. and cross my fingers ..Ignored
agree with u..