Trade ideas to start the week: The yell and the echo

Yellen fallout will dominate the start of the new week

Hawkish comments from Yellen and dovish chatter from Kuroda is the dominant theme as a new week kicks off.

That hasn't translated into price action just yet with USD/JPY up only 13 pips to 101.96 but it's certainly the topic of conversation.

Where do you think USD/JPY will finish the week?

There is talk of option-related selling around 102.00 in the pair and the possibility of follow-up comments from the BOJ.

"There is no doubt that there is ample space for additional easing in each of the three dimensions," Kuroda said Saturday, referring to asset buying, monetary-base guidance, and negative rates.

I like further upside for USD/JPY from here but the 102.70 zone could prove to be challenging.

What other markets are you watching?

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Trade ideas to start the week: The yell and the echo
Trade ideas to start the week: The yell and the echo
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