CCY Corner: Validating #USDJPY #CABLE Market & Price Call

USDJPY AS OF 4.11.16

The noticeable market behavior on the first week of the new month of April were well noted as new highs and lows were established thus providing the first signal what the new trading month would look like. To 'weather the storm of Price Volatility', alternating price movements from a consolidation which at times seem to show that uncertainty in market direction still prevails until such time a price break occurs unexpectedly.

And this typical behavior did occur with the USDJPY posting a new low where the Yen gained strength in a rapid fashion that registered @107.68 compared with its initial price low @110.65 at the end of the first week of ending April 01, 2016. Since the USDJPY @110.65 is also in line with the 94.30 registered low of the DXY, this aligned price movement was considered to be the first signal that would bring a probable follow through at the beginning of the new trading month of April.

LINK: CCY Corner: Validating #USDJPY #CABLE Market & Price Call