Monday 20 November.

Mixed markets to start the new week. The US 10year is finding support (which I would expect at some point as interest rates are still fairly high) For the time being I'll be closely watching the US 2year yield as I feel that it's very relevant to the current market conditions.

I keep reading articles suggesting the fall in USD JPY isn't done yet and over the next couple of weeks it could go as low as 146. This is certainly something to keep an eye on. Especially as I currently think the 'risk on soft landing' trade is very viable. Which could make the USD the currency of choice to short over the medium term. And I expect any dollar strength to be sold until something changes.

Feel free to email: johnelfedforexblog@gmail.com

If you have any questions.