USDJPY Elliott Wave : Buying The Dips At The Blue Box Area

U.S. Highlights After three consecutive months of hotter-than-expected inflation, consumer prices in the U.S. finally broke the heat streak in April, with headline and core inflation decelerating. Retail sales also lost momentum in April, with spending coming in flat for the month. With the data showing some slowing in economic activity, markets are hopeful that […]

S&P 500 reversed from long-term resistance level 4600.00 Likely to fall to support level 4500.00 S&P 500 index under the bearish pressure after the earlier downward reversal from the long-term resistance level 4600.00, which stopped the sharp weekly uptrend in July. The downward reversal from the resistance level 4600.00 stopped the previous minor impulse wave […]

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act […]