Disliked{quote} Hey Jolita, Sorry to hear that! Now, your post is quite good. This range looks interesting. Now, my take on this is that soon we will witness Japan intervening into the market dragging USD down of course, but due to very big gap in interest rates, Yen will continue to depreciate against other currencies after intervention is over. This will be a great opportunity to Short Yen until couple of things happen: official US recession, i.e. Fed and other CB's cutting rates and lowering the gap between interest rates, second would be BoJ finally...Ignored
Best indication of a Recession, they said it is yield curve inversion, where longer term yield curve is lower than short term yield curve: meaning down the road, money is bet on CBs will cut rate due to near term high interest rate effect will cause the econony to shrink. However, the problem comes with a lag effect.
History showed, when a yield curve inversion had occurred at least in two years time then recession had occurred.
So for two years pretty much thing can happen. And new geopolitic events might change the to be recession into a mere technical recession.
In these 2 years, before a recession could happen, UJ could already been flying above the sky and return to earth
Not afraid to be wrong, ik what am goin' to lose!
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