@BobEUnlimited I’m a high school student from the third world who’s been quietly following your posts for years. Your insights on markets have taught me so much, and you’ve inspired me to pursue a career in macro investing. For that, I’ll always be grateful. Thank you.🙏
US yields vs. USDJPY. "A widening gap between rising US Treasury yields and a strengthening USD/JPY is a key signal of accelerating US fiscal risks.
The yen’s strength—despite rising Japanese yields—suggests foreign demand for US Treasuries is weakening, not due to Japan’s fiscal fears, but because JGBs are becoming more attractive to Japanese investors, encouraging divestment from the US."
Source: DB
USDJPY: Took some partial profits, moved SL to B/E and currently let it ride. I'll try to add more in pullbacks but won't rush the trades.
My Bullish Dollar bias has been strengthened since the Hawkish FOMC n BOJ's current stance.
Update: I fell asleep last night and forgot to close the trade. I'm not seeing the kinda sell pressure I'd have liked to see so I will cute this trade Monday at open. 7974 Nintendo
The UK already has a trade deficit with the US, so if a trade deal with the US is a major focus for President Trump, it could potentially widen that deficit, leading to increased selling pressure on the pound.
My Bias for GBPUSD remains to the short still...