JPY Surges – Weakness In Risk Appetite Showing

Big surge in JPY ( and we all know what that generally means right?) as commod currencies ( in particular AUD he he he… ) make a pretty dramatic turn – downward.

The Nikkei has also fallen “below” it’s bear flag / sideways pattern from the last 2 months so…..what’s left?

Good ol U.S Equities broke trendline a couple of days ago….now backtesting and wait for it…….wait for it…..

We may have to “wait for it” a little longer as one really can’t say for certain here but – weakness across the board.


4 Responses

  1. JSkogs March 13, 2014 / 11:53 am

    Yes we are close! My guess is we ride up a bit until early next week and then perhaps the real deal will appear

  2. Fuzzybid March 14, 2014 / 2:15 am

    I bought this morning this sell off some pairs where on great supports like eurjpy so contrarian on this 1 so far it has been working for sometime see if this time is difference

  3. Rob March 14, 2014 / 9:48 am

    Talk about a waiting game. This last month and half on the Forex market has been nothing but chop and bull. I thought I was a patient guy, but the markets as of late have added a new level to the discipline. The psychology of this game is nuts. Hope your enjoying the sun and beer down there Kong.


    • Forex Kong March 14, 2014 / 9:53 am

      These past weeks will have tested the best of us no question.

      A real grind for sure. You are certainly not alone.

      I’m pleased with the short AUD but that was a grind unto itself….still – nothin “giving up the ghost” very easily.

      Hang in there man.

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