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Did you take this trade? I guess you didn’t cos your sl would be massive. Yen is still bearish.
I can do see what your getting at here, US shut down, no ppi, large supply of oil drops oil prices and cools those unread ppi number…maybe in turn cools cpi…signaling a good chance at rate cuts…on Japanese end there seems to be some economic hardships and softening of the boj…even still however, i think that the USD lacks and capability of protective itself , there is too much macro economic wide spread stress to leave alone the risk off sentiment and that the USD will loos more structure through shorts on the USD/jpy as well the other oth major pairs as we are seeing now.ithis economic shift isn’t large enough to change change of character and both break of structure on the primary trends behavior I don’t think. I could always be wrong and I’m excited to see what unfolds