Seems the Japanese Cabinet Secretary Hosoda says that the USD is going to be able to depreciate more against the JPY. That will probably ease movement over 1.3050 - maybe as early as pre-european open - or during european session - just like wednesday above 1.3010. That is unless someone sees the opportunity to wreak a little havoc weakening ⬠whilst Yen is strenghtening - both vs USD. There are several possibilities here. In which case the EURJPY pair could be the most interesting the next few sessions.
The rationale behind this is that now we're starting to see some other spill-over of USD weakness - which could ease pressure on the ⬠- a very welcome easing from both EU corporations and others.
Very interesting scenario - and I'm probably not the only one pondering this obvious opportunity right now.
The USDJPY movement and the reactions from Japan changes my â¬-bull stance somewhat - against $ and Yen for the medium term that is. Otherwise I think the ⬠should still be considered a strong currency by fundamentals and the potential in the EU vs the top-heavy trend in the US. The EU is still the biggest trading bloc, and there will surely be some rocking the boat - but I see some improvement in the longer run for the EU - both economically and socially.
I think the market would both welcome and see the "logic" in such an argument - which would make it all that more possible as an easy escape for the awkward â¬$ trading we see now. Hope you see how this can "make everybody happy".
For the very short term we will probably see some bigger volatility - welcome for us who are scalping or otherwise trading.
The rationale behind this is that now we're starting to see some other spill-over of USD weakness - which could ease pressure on the ⬠- a very welcome easing from both EU corporations and others.
Very interesting scenario - and I'm probably not the only one pondering this obvious opportunity right now.
The USDJPY movement and the reactions from Japan changes my â¬-bull stance somewhat - against $ and Yen for the medium term that is. Otherwise I think the ⬠should still be considered a strong currency by fundamentals and the potential in the EU vs the top-heavy trend in the US. The EU is still the biggest trading bloc, and there will surely be some rocking the boat - but I see some improvement in the longer run for the EU - both economically and socially.
I think the market would both welcome and see the "logic" in such an argument - which would make it all that more possible as an easy escape for the awkward â¬$ trading we see now. Hope you see how this can "make everybody happy".
For the very short term we will probably see some bigger volatility - welcome for us who are scalping or otherwise trading.
