Yesterday the Emini broke 2,600 decisively. Ended up being a huge down day, with 72 points of range. Today we’re consolidating – but still below 2,600 (as I write this at 11:30am Chicago time). If the weakness continues we’ll trigger the carry trade and the Japanese Yen will break into an uptrend. 90 Cents is […]
Japanese Yen Archive
Here are all the Emini-Watch videos on trading the Japanese Yen. They are arranged in chronological order, with the most recent videos first. With the Japanese Yen I'm interested in the big picture - swing trading rather than day trading - and these videos show how to use the 'Better' indicators to identify long term trends. For an introduction to trading the Japanese Yen, check out the feature article:
Global macro charts from this weekend. Rather long video, but the discussion of Japanese Yen strength and US Dollar weakness starts around the 12:00 minute mark. What will the Bank of Japan do? Surely this is not what they had in mind when they introduced NIRP. Good luck with your Emini trading this week.
This probably should be one of the day trading “rules of thumb” but for whatever reason hasn’t made it in: A trend move isn’t over until we see Exhaustion Volume during the full liquidity of the day. Exhaustion Volume during the overnight session isn’t usually enough to end a trend move – we need to […]
I’m surprised I haven’t looked at this relationship before – the relationship between Equities and the Japanese Yen. This is the classic “Carry Trade”. Borrow in a low interest rate country and invest the money in higher yielding assets abroad. Traditionally Japan has been the place to borrow because of it’s near zero interest rates. […]