Thursday, November 11, 2021

Do we have a "TOP UP"

 We had many news corresponding this week. Japan October PPI +1.2% m/m (expected +0.4%), US October CPI +6.2% y/y (vs +5.8% expected), Japan's PM Kishida says wants to compile a further economic stimulus package on November 19. All joining the negative side of dollar but yet the yen collapse. Credit Suisse sold us USD/JPY set to soar as high as 123.00 but as the correlation displays the negative trait of USD with strength loosing over time and per stimulus to be issued of Japan's side, we intimating a bear run. We were right of the bear runs at the past, we did not run for bullish corrections as the main trend seems to have change. The yen is a light weight currency taken buy the strong dollar wind.




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