Yen under pressure of Wages Rising
Atualizado
https://www.tradingview.com/x/qHjuUR8w/
Bank of Japan (BoJ) Governor Kazuo Ueda speech summary on Monday (06.11.2023)
- Need to have more conviction that wages will keep rising , rising wages lead to service prices and the economy remains strong, to ponder exit from easy policy
- There will always be new information coming in , so at any meeting there is a chance of making a certain decision
- BoJ foreseeing inflation sustainably hitting 2% target at the next policy meeting in December
Expecting some bearish retrace momentum till the level of 148.500 which targeting the Sellside Liquidity below if current price action respected the previous volume imbalance but must aware of Dollar Index momentum which is still within bullish trending momentum with bear retrace candles
Be Safe and Good Luck to All Traders . . . . .
Bank of Japan (BoJ) Governor Kazuo Ueda speech summary on Monday (06.11.2023)
- Need to have more conviction that wages will keep rising , rising wages lead to service prices and the economy remains strong, to ponder exit from easy policy
- There will always be new information coming in , so at any meeting there is a chance of making a certain decision
- BoJ foreseeing inflation sustainably hitting 2% target at the next policy meeting in December
Expecting some bearish retrace momentum till the level of 148.500 which targeting the Sellside Liquidity below if current price action respected the previous volume imbalance but must aware of Dollar Index momentum which is still within bullish trending momentum with bear retrace candles
Be Safe and Good Luck to All Traders . . . . .
Nota
If current price action respected the previous SIBI of Nov 02 2023 , price action will have more potential to go Bearish but must aware of Bullish Trending Momentum . .
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.