Thursday 29 January.
When I was growing up the pinnacle of technology was how many gears you had on your peddle bike. When Nintendo release the Gameboy, I didn't think I could ever get better than that.
Fast forward forty years and every thought a human has can be transmitted across the planet in seconds. What a time to be alive.
A pitfall of these advancements is over reliance, a problem I faced when my blogs server encountered issues. Meaning none of my emails would send.
For what it's worth, on Wednesday, I would have said it's pleasing the recent Greenland and BOJ narratives have (for now) subsided. And as long as the FED weren't overly hawkish and meta and Microsoft earnings were reasonably positive, I think the USD in particular, also the JPY would continue to remain on the 'to short list'.
Which is the situation I currently find myself in.
US Jobless claims data and more mega cap tech earnings could switch the narrative, along with fresh Greenland (or Iran) concerns. And of course, BOJ jaw boning could give the JPY strength at any moment.
But for now, I have my eyes on USD or JPY short trades
Please feel free to email any thoughts of questions: johnelfedforexblog@gmail.com