Hello traders! UsdJpy's move is not supported by volume or by technicals today. Careful, careful! This move from this morning seems susceptible to the SM unloading pretty soon some of their orders. Or just the usual up-move with no real volume holding it up, meaning the demand isn't really there but supply is.
Boogs_7702's Blog
Monthly Forecast
My forecast for the month of November 2013 is this:
Huge movements in the Fx market with UsdJpy actually pushing up to the 108 area. This said and happening would create the commodity currencies to come roaring back down as they do not want to be overstretched against the yen and thus could not both increase on Usd whilst doubling up on Jpy. EurUsd could do fine just sitting still at or around 1.33-1.34 area as it has been said time and time again that this is a good rate for the Eur. Now if the…
Huge movements in the Fx market with UsdJpy actually pushing up to the 108 area. This said and happening would create the commodity currencies to come roaring back down as they do not want to be overstretched against the yen and thus could not both increase on Usd whilst doubling up on Jpy. EurUsd could do fine just sitting still at or around 1.33-1.34 area as it has been said time and time again that this is a good rate for the Eur. Now if the…