Edited by jmicou, 30 December 2014 - 11:52 AM.
usd/jpy carry trade
Started by
jmicou
, Dec 30 2014 11:52 AM
1 reply to this topic
#1
jmicou
-
- Traders-Talk User
- 2,749 posts
Member
Posted 30 December 2014 - 11:52 AM
usd/jpy 61.8 1998-2011 level is 201.11
/dx abc up 1.0 is 91.095 & 38.2 fib from 2011-2008 level is 90.24.
Yen strength could create some st us equity headwinds.
If /dx gets above 92.5, it could get the fed to react. A st retrace before moving higher would be in order, which might give oil a st break, maybe....still looking for 47sh print, /cl.
#2
jmicou
-
- Traders-Talk User
- 2,749 posts
Member
Posted 30 December 2014 - 12:02 PM
I think I posted about MMM as a proxy. Anyway, it exceeded its P3 projection by ~4% but now with negative divergences. Will it mean anything?
