JPY Weakness To Drive Up Nikkei
Fundamentals & Sentiment
JPN225:
- BoJ: "proceed cautiously" - can be interpreted as dovish; CFTC
- Weakness in JPY: Market internals, CFTC
- New PM to prevent deflation
- Dull economic data - dovish
USD:
- Risks: elections, Middle East tensions
Technical & Other
JPN225:
- BoJ: "proceed cautiously" - can be interpreted as dovish; CFTC
- Weakness in JPY: Market internals, CFTC
- New PM to prevent deflation
- Dull economic data - dovish
USD:
- Risks: elections, Middle East tensions
Technical & Other
- Setup: TC(B)
- Setup timeframe: 4h
- Trigger: 4h
- Medium-term: Up
- Long-term: Up
- Min target: Local high
- Stop loss: 0.61%
- Position size: 0.5R
Trade closed: stop reached
-0.68R
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