Successfully supported by a volatile half-year end market!
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Amid end-of-term chatter with unusual flows, movements diverging from the trend are expected
As usual, we issued signals and deftly rode out the wild swings!
The market rose as European exit signals appeared before the year-end market close
as the pound and euro jumped higher.
The pound-yen rate was also discussed in the previous article“Pound/yen nears an important point again! Will it jump? Is this year’s low?”
As noted, around 140 yen there was a conscious tug-of-war
and ultimately it rebounded significantly
Now, on the weekend with half-year-end trading, many positions must be traded
volatility across currencies increased, but the Strong in such markets
indicator Ask Ultimate, the Shadow Trader, correctly guided the short-term market reversal!

Dollar/yen attempted higher before year-end, but near 113 yen selling signals piled up, and
with the sharp decline in US equities, it quickly dropped. Yet in Tokyo, the Nikkei stayed around 20,000
and the dollar/yen found support below 112. As overseas markets moved toward the London fix,
dollar buying prevailed and the dollar/yen finished higher!

The euro market, after peaking on expectations of economic policy exits, faced a slight top formation
and with a bit of a correction, the dollar/yen rebound turned into a reversal
the buy signals at the plunge points were a remarkable signal!
Details of this indicator are
It detects the ultimate strength/weakness in the market and teaches precise timing for exits!
Ask_Ultimate, Shadow Trader, by “Kawase Ringui”please check.
The market is entering the second half, and at the start of July there are events in various countries,
domestic buyers in Japanese stocks and expectations of yen selling
we hope for a market that reinforces a sense of comfort with the Nikkei average stabilizing around 20,000
Tomorrow, the start of the week may be influenced by the Tokyo metropolitan assembly election, but in the Tokyo market
we expect that news will have run its course.
Meanwhile, this week the U.S. market will be closed for Independence Day,
so there may be position adjustments in overseas markets
and we will be watching for those opportunities in the midst of this.
Market Compass latest article
★ FOMC Strike — Shadow Trader Trade! This time signals exploded across multiple currencies as well
★ Markets not in sync: Can the dollar/yen recover from the low?
★ Pound/yen nears an important point again! Will it jump? Is this year’s low?
Being published daily on the blog!“Kawase Ringui” FX Strategy Blog
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