Weekly review.

Having taken a week off from trading, I don't have much to report for the week starting Monday 25 December. I always take at least two weeks off throughout the year in an attempt to rest my mind. Although I did read a couple of articles, and the one thing I noticed was a continuation of the BOJ, will they won't they merry go round. This time, govoner Ueda commented that rates may have to rise. The 'market' already knows this, but the yen did strengthen after the comment.

Aside from that it seems to have been a fairly quiet week, with the 'soft landing' short dollar narative very much alive. And any 'risk on' trades taken this week would have been a good decision in my opinion. Even if end of year profit taking or the aforementioned yen strength might have caused any trades to stop out.

On a personal level, I had a very nice week spending time with family, the highlight was my very first attempt at axe throwing, which was great fun.

I'm now looking forward to getting my teeth stuck back into trading, I expect volitility will start to pick up on Tuesday as the bank traders return to their desks.

My next post will be my thoughts on the week ahead, but for now, I hope you have a very happy New year.

Feel free to email any questions: johnelfedforexblog@gmail.com