Lawrence's Comment
Recap
Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint.
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Lawrence's Comment
Recap
Pullback stopped right at Y-0. Rallied above Y+1 yet failed to hold above Y+1. Normally we get a drop to Y-1 but again it was not a normal week. ...
Lawrence's Comment
Recap
As expected, broken to the down side first attempting to tag Y-2. The surprise was that a quick reversal happened before Y-2 was touched, pointing to the natural ...
Lawrence's Comment
Recap
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The ...
USDJPY Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.
Outlook
Unlike other majors, dollar yen is not breaking out to the upside. More like a drift in an upchannel. Consolidation in B-0 to B+1 is expected.
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