The day following the FED’s 75 basis point rate hike, the financial markets were absorbing the news.   Funds look to be once again attracted to the US Dollar. EUR/USD is now testing 1.0400 to the downside. USD/JPY after a deep retracement on the news, looks to be headed North once again and is trading […]

Overnight in Asia trading USD/JPY had the major reload many traders were looking for as the pair pulled back nearly 100 pips to its current levels near 133.50. A further retracement as low as 132.50 looks possible ahead of a further run higher.   WTI Crude Oil continues to probe the $120.00 per barrel level […]

In overnight trading the surge in USD/JPY continue as it surged yet another 100+ pips up to current levels near 133.80. Extreme yen weakness really is the theme of 2022 thusfar. GDP figures were released from Japan and came in slightly better than expected at -0.5% Y/Y (Expectation: -1.0%).   On a day when the […]

Bitcoin’s Monday rally above $31,000 was short lived as the price action has once again plummeted below $30,000 (currently trading at $29,500).   USD/JPY continued its rally overnight and is currently trading at 132.65. Medium term targets by end of June remain as high as the 136.00 region.   The Reserve Bank of Australia did […]