Clearly risk on, but stalling at the moment. Buy stops worked beautifully now looking to re-enter lower on the risk currencies (Eur-Aud etc). Not biting on the buy side of UsdJpy going forward due to BoJ, worked yesterday but sell stops turned out to be more appropriate. Seller of UsdJpy going forward even if I have to wait for buy side of the market to run out of steam.
williams says (yesterday)
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Reuters
Fed’s Williams sees more work needed to get inflation back to 2%
Bloomberg
Fed’s Williams Says Still ‘Ways to Go’ to Reach 2% Inflation
MarketWatch
Fed’s Williams said he’s ‘very focused’ on getting inflation back to target
Fed’s Williams: Inflation likely to reach 2% target in 2025
Rate-drop outlook: ‘We are not there yet,’ New York Fed president John C. Williams tells Long Island group
got that peasant ? now trade it
if you can ; if you dare
USDJPY 30 Min Chart – Invisible hand 1, Market 0
Having failed to take out the invisible hand protecting 150.89 (double top at 159.84) left the market vulnerable to the BoJ yak on interest rate risk
So, far the move down paused above the 149.53 bottom of the range, leaving the focus on 150 to set the trading tone.
Expect more chop if it stays within 149.53 and 150.84/89)
the other eye’s look at the president
the first was CNN’s, this one is WSJ’s
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President’s Physical Gives Only Partial View of Commander in Chief’s Health
President Biden received a mostly clean assessment of his well-being, but so have many of his predecessors.
Biden’s Doctor Declares Him ‘Fit for Duty’
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