NZDJPY - SHORT; Much worse than it looks

Jul 18, 2023

With all the excess "liquidity" force down everyone's throat, the world over, this carry trade is no exception. This pair can move 10k pips in a heartbeat when 'it' hits the fan (which ought to be sooner than later). On the long run (full cycle) the NZD is not worth 50 yen! (It is actually much closer to 30, after all is said and done.) With a "live" BoJ meeting expected at the end of this month, all these trades could kick into high gear (trap door), in an instant.

Jul 20, 2023

Trade active

SHORT

Jul 25, 2023

Trade active

No point starting a separate thread for the AUDJPY alone, it and the NZD being reasonably correlated;

Economic data coming out of China is on a solid downward trajectory, with future liquidity now starting to be brought into question.
Good R/R for a SHORT entry here.

Jul 26, 2023

Note

Good start here with the AUDJPY;

Target: 94.00

Jul 27, 2023

Trade closed: target reached

Boom!!

FLAT for +250 pips.