Short USD/JPY, Long USD/CNH: Q2 Top Trading Opportunities 2021-04-04 09:00:00 John Kicklighter, Chief Strategist
Short USD/JPY on Range Hold, Long USD/CNH as Trade Wars Return Advertisement
Through the opening quarter of the year, I was expecting a near certainty of stimulus and the progress towards vaccinating the world to keep a tail wind at risk trends’ back. That said, ‘risk on’ is long-in-the-tooth with greater scrutiny encouraged with each step higher the benchmarks take. My preference thereby fell to two Yen crosses. USD/JPY has the benefit of offsetting risk through two havens and GBP/JPY the added benefit of the Sterling finding normalcy post-EU split. Yet, what was truly appealing was the technical view with a 7-year range for the former and critical break potential for the latter. Both managed to fulfill the initial potential, but subsequent follow through seems a lower prob
John Lodder: 2 Essential actions, the What and How , to master post-pandemic Leadership
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