USD/JPY signals that the BOJ still has a problem on its hands
USD/JPY is now flat on the session at 128.12 after touching as high as 131.57 in the aftermath of the BOJ decision. The BOJ might have burned the short-term specs but it looks like the strong hands used the higher levels to reload. Ultimately, the BOJ will have to normalize and owning more than 100% […]
What could be a problem technically for the S&P?
The S&P index on the daily chart moved to and through the 200 day MA on Thursday. It moved above the same MA today too. The MA comes in at 3967.17. The high today reached 3980.98. The high yesterday reached 3997.76. S&P faiis above the 200 day MA again The price closed just below the […]