Trading Edges That Last
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USDJPY Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint.
Outlook
Initial shock and awe fuel used up. As long as BOJ not planning more direct attack, Y+1 down to B-2 in play.
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