The tightening cycles | 12 Agustus 2022

12 Agustus 2022, USD/JPY

The tightening cycles

USDJPY trading plan:

Officials at the Federal Reserve have warned the central bank was a long way from ending its tightening cycle. And a cycle of likely downgrades in earnings forecasts just got under way. Yet with funds so defensively positioned, even the slightest good news was enough to light up a rally. As gains snowballed, many skeptics may have been forced to jump in, or to at least reconsider where the market is in the cycle. Macro products, such as index and exchange-traded funds, dominated hedge fund buying. Net leverage, a measure of the group’s risk appetite that takes into account bullish versus bearish positions, is stuck in the 10th percentile of a one-year range. That means, there is a lot of room for money managers to gear up for more upside, if they’re willing. This is a positive signal for the US stock market and USDJPY, as assets are correlated.

Investment idea: buy 133.00 and take profit 133.66.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus