The interesting storyline may be developing around Japanese Yen and its cross-pairs (especially against European currencies). GBPJPY, for example, is concentrating inside of a massive trading range, as volatility for this pair has dropped to a one-year low.
Yields of 30-year bonds for Japan has been peaking to a historical high, but now they start to rebound. The net position of large speculators for Japanese Yen futures on COT-reports seem to point to the overleveraged situation, which might result to quick unloading of longs and Yen sliding down quickly, which may result in a shakeout of a volatility and rapid breakouts for GBPJPY and similar pairs.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Yields of 30-year bonds for Japan has been peaking to a historical high, but now they start to rebound. The net position of large speculators for Japanese Yen futures on COT-reports seem to point to the overleveraged situation, which might result to quick unloading of longs and Yen sliding down quickly, which may result in a shakeout of a volatility and rapid breakouts for GBPJPY and similar pairs.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.