In today’s briefing:
- NKY and JPY Trades and Thresholds
NKY and JPY Trades and Thresholds
- Nikkei was touted as our top short bet in Asia and has panned out nicely. 27k sell resistance for a test on sub 26k to probe for a bull reversal.
- USD/JPY sell an uptick near 134. PT at sub 131 and 129.50. Jury still out as to the policy impact on global rates/equities. We are trading a lot like 2018.
- Taiwan and Nifty short targets are reiterated. SPX and NDX levels are in line but price action remains poor to bearish.
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