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
Lawrence's Comment
Recap
FBO against Y+1 and collapsed immediately. Flushed down to below Y-2. Printed almost 200% absolute range expansion before Aussie could bounce. The overshoot both ways scenario unfolded as expected. ...
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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