AdamFx42's Blog

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Jumping in on USD/JPY weakness

Changing my Positioning
After making some small gains on Euro weakness, selling Eur/Sek, I closed that position yesterday
because it was not moving fast enough for my liking
Then I read about a large storm nearing the coast of Japan:
http://www.businessinsider.com/typhoon-described-as-a-once-in-decades-storm-is-barelling-towards-japan-2014-7
It seemed to be huge, and a lot of damage could be done,
and I remembered what happened with the Yen when the Fukushima nuclear disaster happened:
the Yen g…
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USD strength playing out slowly

As I predicted, Usd strength is slowly but surely playing out on the Forex markets
  • A strong ADP employment change figure an hour ago has been a catalyst for Usd/Jpy buying, and has put a dent in Usd crosses like Eur/Usd and Gbp/Usd
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Majors stronger, crosses weaker

After seeing stronger data coming out of the US last week, and the government holding off tapering for now,
we saw the major currencies stronger, while the crosses were all hurting
Now I understand what happened to the crosses because they were in need - - technically -- of retracement
The JPY crosses are not going down yet, though, but I will be waiting for their retracement the coming weeks
USD/JPY is going up strongly at the moment, and EUR/JPY, GBP/JPY etc are following like puppies,
it is h…
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