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[Mtl JP]

USDYEN 150.76
hungry ? eager ?
–
fwi 3-m high: 150.87
above that: 151.90

[Swiss Frank]

Maybe…..

Hahahahaha….

[GVI Forex 2]

See my blog article: Forex Trading: Seeking the Path of Least Resistance – A Common Sense Way to Trade
 

 

[Mtl JP]

Frank 3:27 – Dubito, ergo cogito, ergo sum

[wfakhoury Amman]

GBPUSD 12722 confirmed will be reached.

[Mtl JP]

USDJPY 150.68
–
yen puked ruffly 1% post-boj decision to stop its nega-rate policy in favour of 0 – 0.1% rate.
ueda saying no rush for more hikes. yield down and guarded comments = yen down and dlr up

DLRYEN Pivot Res1 151.15

[GVI Forex 2]

JO, except in USDJzPY {+1%) snd JOY crosses.

[GVI Forex 2]

JO, except in USDJzPY {+1%) snd JOY crosses.

[Mtl JP]

10-yr 4.316%; DLRx 103.56
–
first day of FOMC collective in session

for USD to go uP some more, yield will have to co-operate.

UNFORTUNATELY … volatility is down somewhat. One could think players favor short-term comittements over medium/long term ones.
It probably means lower peaks and valleys in pricing than would be otherwise.

[GVI Forex 2]

USDJPY 15 Minute Chart – Is the BoJ lurking?

Just to show you there is a method to my madness when I follow the AT lines

As noted in my earlier post, key levels are at 150.24 and 150.85 (seen on a 4-hour chart) and USDJPY is trading within this range but upper end is exposed while above 150.50

Currently, an invisible hand seems to be back protecting 150.85, at least for now

[GVI Forex 2]

CADCHF 4 HHOUR CHART

I have never looked at this chart so doing so now after Swiss Frank pointed it out.

The support area at .6508-15 needs to hold to keep the latest leg up alive.

However, only a break of the high would revive momentum on the upside.

This is a day where CAD (down) has reacted to a  CPI data surprise.

[Swiss Frank]

I think can buy cad/chf 6520-6500. The lower the better obviously.

[GVI Forex 2]

USDCAD 4 hour chart

Market was set up for a higher CPI, just reported and it came in lower than expected.

USDCAD testing a key 4-hours chart res at 1.3606

On a daily chart, the next key res is at 1.3626

Expect support on dips while above 1.3552

[Belgrade Knez]

seems like EU 1.0847 is the level to watch ….. some minor data in 16 min might give some volume and direction

[wfakhoury Amman]

GBPUSD my weekly signal:
Price returned to 12690 from 12665.
Below 12690 into buy mood.

[GVI Forex 2]

This article was posted before the SNB revised economic forecasts

BENGALURU, March 18 (Reuters) – The Swiss National Bank will wait until at least June before cutting interest rates, according to a strong majority of economists polled by Reuters, who said it would make shallower cuts this year than peers.

The SNB may choose to wait on the sidelines until the U.S. Federal Reserve and European Central Bank start cutting interest rates, widely expected in June, to prevent further weakness in the Swiss franc.

SNB to wait until at least June before cutting rates modestly – Reuters poll

[GVI Forex 2]

Knez, negative rates started in 2016

[Belgrade Knez]

For how long Japan had negative interest rates?

[GVI Forex 2]

March SNB MPA preview: A very close call

The consensus is no change but there is significant speculation that the SNB might announce a 25 basis point cut in its policy rate at Thursday’s Monetary Policy Assessment (MPA). Further falls in already low inflation combined with a strong Swiss franc would seem to have opened the door to what would be the first reduction in the benchmark rate since January 2015 when the central bank also abandoned its minimum exchange rate policy. Currently the rate stands at 1.75 percent, its highest mark in 15 years. However, probably more than most other major central banks, the Swiss monetary authority has acquired a habit of surprising forecasters and most investors seem far from convinced that an ease will come as soon as this week….Econoday

[GVI Forex 2]

USDJPY 4 Hour Chart

BoJ’s decision to hike rates and end the era of negative interest rates was not a surprise. Indications of a go-slow approach make this a dovish hike and the JPY has responded accordingly.’

USDJPY targeting 150.85 if it can stay above 150.24-50, with a stronger risk if above 150.57.

If I was in the BoJ’s shoes I would be lurking above 150.50 but only to smooth the move and prevent a full rout by defending 150.85(?).

Note prior USDJPY uodate was deleted in error.

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