Trading Edges That Last
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USDJPY Mar 03 to Mar 07 Outlook
Lawrence’s Comment
As expected, ninja dropped back down to Y-0. After it breached Y-0, ninja weaken further. Closed the week below Y-0 and midpoint.
Outlook
Inside week after outside week with Y-0 and B-0 near each other. Indecision continues. Due to the conflict in Ukraine, it may lead to the spike up because of classic flight to safety reaction. But until the conflict in Ukraine is resolved, currencies will not be able to produce meaningful moves.
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