MARKET INSIGHT: #Equity #Indices, #Forex, #Futures / #Options & #ETFs

#USDJPY as of 5.30.16 Asia

While Equities are still playing footsie, so to speak; with the Memorial day holiday along London, the Asian market has taken the lid as mentioned that took the #USD beyond the 95.50 levels. This move gave some encouraging marks for the #USDJPY to trade a daily high @111.38 in the earlier session to this writing. When the time comes USDJPY will trade nearest to the 115.50 levels which may seem to be quite some distance from the current levels. For as long as the closing week's prices stays relatively weak for the JPY with the assistance of the NK225 gaining some ground in the Asian closing will surely be good support.

The critical closing price for the week post ECB & NFP will dictate the price action. However, the continuing strength to take advantage of is geared towards what a tactical investor / trader can do while the USD is outperforming the stock indices. With the probable exception of the SP500 which have shown some encouraging prices nearer to the 2100.00 levels being watched.

Fortunate for us to be trading with a spread market from Spot FX including currency options have given our strategy the market edge of trading a carry-over trade position on the DXU2016 Futures along side the #UUP ETF as a way to leverage the possible potential of an established trend for the past 4 to 5 weeks now.  With the expiration of the May 2016 contract; the obvious target of Sept futures  #DXU 2016 objective would shift and the new contract #DXZ2016 (Dec) month as it moves nearer shall carry the FED's rate hikes moving forward. We'll comeback to this excerpt by the 4th quarter of the year.