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Lawrence's Comment Recap As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Bounced back to Y-0 early in the week. Y-0 stopped the bounce and gave us a drop down to new low below Y-1. Stopped going lower before touching downside ...READ MORELawrence's Comment Recap Consolidation around previous week close. Pretty standard reaction to a huge run. Closed the week below Y+1 and midpoint. Outlook A huge void zone was created below where there was not ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREUSDJPY Jul 15 to Jul 19 Outlook3DP Odds Table (USDJPY) 2013-02-18Precog Vision – Forex 2016-12-12GBPUSD Feb 11 to Feb 15 Outlook3DP Odds Table (USDJPY) 2016-08-01Nasdaq 100 Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2018-5-10Precog Vision – Forex 2014-1-29Intraday Cycle Projection (USDJPY) 2012-02-22Intraday Cycle Projection (USDJPY) 2016-01-13
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USDJPY Jun 10 to Jun 14 Outlook
Lawrence’s Comment
BOJ and Japanese government did not know what to do in the beginning of the week after its big corporations told them it is not a good idea to trash yen any further. That alone was enough to crash ninja back down to pre-breakout level down at Y-5. Later in the week Japanese government announced the use of their government pension funds to support their stock market which then helped induce bottom picking. Closed the week below midpoint and Y-3.
Outlook
Ninja is in a mess. Their government does not know what to do at this point and the yen related markets are all shocked. It will be erratic trading at best this week until traders sort out the consequence from all these intervention initiatives.
Consolidation around B-0 at 50% previous week range is the normal expectation after a shock as long as there is no new shocks coming from their government again.
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