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Monday, 11 January 2016

USDJPY: 11 January 2015, Monday, 8.34am Singapore Time

USDJPY: 11 January 2015, Monday, 8.34am Singapore Time

USDJPY is starting to see buy pressure coming.
It has also entered into a strong support zone.
Rebound may be coming.
Take longs profits at just above ¥121.00
As USDJPY is starting to sell absorption and buy pressure, Stock markets worldwide may start to execute a rebound as soon as 12 January 2016 if USDJPY refuses to fall when US markets open on Monday 12 January 2016.


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3 comments:

  1. Hello, may I ask what is the rationale that the strengthening of USDJPY will cause a stock market rebound?? Is it due to correlation in the history, and is there other reasons behind? Thank you for your enrichment of knowledge in advance

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  2. Yes, because USDJPY correlation with equities market. It has stubbornly refused to fall when Nikkei went -500 points, a very strong sign of deviation. Often, forex markets, being the larger markets, turn before stocks and equities markets. Hope it helps in your understanding of the market mechanisms, Si Qin.

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