ridethepig | JPY Market Commentary 2020.03.04

For risk markets, historic times with US10Y breaking through 1.00, the 50bp cut is really sends ⚠️ signals that things are not as healthy as they made out as ECB insist they have no room to follow the Fed. Buckle up and remain defensive guys, I am adding USDJPY shorts on the day with targets 106.9x and 106.5x below. Stops needed to be above 107.9x.

For those tracking the 2020 macro map:

https://www.tradingview.com/chart/USDJPY/PdWrsB7C-ridethepig-JPY-Market-Commentary-2019-12-30/

It is clear the macro map was short-circuited by the USD spike to mark a medium and long term high in DXY.

https://www.tradingview.com/chart/DXY/APZDYwNR-Dollar-Focus/

As usual guys thanks for keeping the likes and comments coming, jump into the discussion below for the intraday.