Outlook for Next Week's Foreign Exchange, Stock, and Gold Markets — Focus on USD/JPY, GBP/JPY, EUR/USD, and Nikkei Average Movements
Last week saw many US economic indicators released, and as a result the USD/JPY moved sharply. Of particular note were the US employment statistics and inflation data. These releases caused the USD/JPY to rise temporarily, but the Bank of Japan's stealth intervention pushed it back down. Those who sold USD/JPY at this timing could have made enormous profits.
Next, the Pound/Yen. I also took a short position here. With the US data releases and the BOJ’s intervention, we were able to secure substantial profits. Crosses moved in a similar fashion, and overall selling was effective.
Regarding EUR/USD, many people were aiming for a dip-buy. It reached the target level of 1.0900 and the trade ended smoothly. That move also went well.
And then the Nikkei Stock Average. As I had заранее disclosed, around 42,500 was the peak, followed by a decline. The reason was that options were concentrated there. After all, market forecasting is all about planning!
Lastly, gold. Due to the influence of last weekend’s options SQ, it hardened at 2,400 dollars. This was also as predicted, so there was no need to monitor it closely. Let's look for buying opportunities from the start of the week.
