Real Time Briefing


View Latest

View Archive


Short USD/JPY and comments 14June 2017

Wed 6/14/2017 12:53 PM

Real Time AmpGFX – closed short USD/JPY

Bought USD/JPY 109.44, to close short.

FOMC statements supportive for the USD.

Wed 6/14/2017 8:16 AM

 Real Time AmpGFX – USD/JPY sold and orders

Position

Short half unit USD/JPY at 109.29; s/l 109.88; t/p 105.58

Wednesday, June 14, 2017 7:40 AM MDT

Real Time AmpGFX – sold USD/JPY

Sold half unit USD/JPY at 109.29

Comment

USD has fallen sharply across the board after weak CPI and retail sales report.

US Treasury yields and USD/JPY are near lows for the year set a week ago.

Energy prices are weaker, despite the softer dollar, IEA forecasting higher oil output.

Fed hike essentially priced in, plus expectations they will forecast a third hike later this year.  Risk is towards more ambivalence from Fed in wake of soft inflation trends

US political news remains messy

USD could be in broad melt-down.



Disclosure and Certification

  • The author of this report often has positions in the currencies and securities referenced in the report at the time of publication, or plans to trade in these currencies and securities.
  • The views expressed in this report accurately reflect the author’s personal opinion about the referenced currencies and securities referenced and other subject matter.
  • The report does not contain and is not based on any non-public, material information.
  • The information in this report has been obtained from sources we believe to be reputable and accurate, but we have not independently checked or verified that information.
  • This report is protected by copyright laws. Please do not republish, post or distribute in any way its contents without prior permission from our company.
  • Our Company is incorporated and licensed in Australia to provide only general financial advice. Please see our financial services guide and terms and conditions for use of this report for more information.

Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd