- For these past months, only 1 real trade in market, namely Risk On/Off.
- Risk On = -USD/+Risk FX & +USD/-JPY (= Buy JPY crosses)
- Risk Off = vice versa
- Most recent price action characteristics : Risk FX up & USD/JPY sideways to down
- Possibility - start of something new ie lower USD across
- For confirmation, watch JPY crosses. If these consolidate whilst stocks keep going up, then we should have the start of a consistently weaker USD trade.
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