Lawrence's Comment
Recap
Market intervention on high gear. Y-0 cleared, immediate upside target Y+1 tagged and then cleared by force. Only until Y+2 was cleared and that 150% absolute range expansion has ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDJPY Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.
Outlook
Unlike other majors, dollar yen is not breaking out to the upside. More like a drift in an upchannel. Consolidation in B-0 to B+1 is expected.
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