ridethepig | JPY Market Commentary 2020.01.06

On the risk front, JPY demand running out of steam from the initial knee-jerk via Iran tensions and asking for a squeeze. I am tracking 108.6x on the day to add to my shorts. Targets below are located at 107.3x support while stops can be kept comfortably above 108.9x resistance.

JPY inflows will continue to come via risk as long as BOJ remains on hold and warrants increasing bearish exposure. After clearing first targets in the initial 2020 swing:

Thanks for keeping the likes and comments coming, as usual jump into the conversation with your charts and questions!

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