TOPIX 18230 , highest since 1991

JPY has reversed a good ride during most of Europe and US’ sessions to come back to 114.00. We are still in the range , I am still base amount long, trade excesses inside
the 113.20-114.50 range, pretty badly admittedly today. But the main idea is still to keep the core position for a move higher based on CB divergences, higher local equity markets,
and a seemingly little less explosive Korean peninsula situation, hopefully not only for the duration of Trump’s China visit. In addition, today’s data came in weak to very weak for the volatile machinery orders.
In particular banks lending figures should keep the BOJ crew on its toes.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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