As measured by #Truflation, consumer price inflation has dropped to 0.86% on a year-over-year basis, breaking significantly below the 2-3% range in place for the past two years. In our view, inflation could turn negative, contrary to @BlackRock and @PIMCO forecasts.
That seemed to have been the top , I gave back about 40 pips and stopped out on a trailing stop with an overall slightly higher than a 2 to 1 risk to reward ratio
Australian dollar seems to be holding from the recent breakout , I’m still long currently , waiting to see if the yen breaks down further , would add fuel to the trade
Australian dollar seems to be holding from the recent breakout , I’m still long currently , waiting to see if the yen breaks down further , would add fuel to the trade