CADJPY sell

2022年6月5日

Falling below the 97 key level could confirm a JPY reversal. Expecting the 2nd half of this month to get volatile. Yen futures contract date is the 13th. FED also will be starting QT, have to see if the banks are finally willing to buy bonds with cash high balance sheets.

2022年6月8日

交易進行

For me waiting is crucial and I always seem to be early. Small lot size accumulation has started for me. YEN is absolutely shameless losing 100 pips/day is INSANE. I suspect banks will be forced by the FED to re-buy the bonds they were just selling to the FED to lose some 330b/month on. FED has the power to mandate banks to buy bonds, and I recall JPOW to not increase interest rates while performing QT. Significant change is around the corner.