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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (17570)

4/7/2016 11:05:48 AM

From: John Pitera

4 Recommendations Read Replies (2) of 33421

The Yen continues on it's merry way higher.... Abenomic's and Japan is enigma nested inside of an anagram, inside a convexity paradox. What does happen to the yield convexity trade when rates are negative..... Beuller, Beuller, anyone, anyone.......

as I had pointed out back on February 8th.. and I have to thank you Hawk for asking the question if the $USD
was weakening what currencies are strengthening.... that got me looking at the Yen more closely

Message 30448123

the EUR/JPY key risk on - risk off remains in a defensive risk off posture.

and the yields in the Japanese 10 year government bonds go further into negative yield teritory as German
Bunds hover at a mer 10 basis points or so above zero. The German bund yield curve is currently in a
negative yield all the way out to 9 years on the curve.

The time cycles are indicating significant volatilitiy on April 18th and 19th and into the 20th. Some of these events may occur in Asia or mideast and thus it would be Sunday night April 17th. We could be seeing the Precious metals and the Grain complex making significant turns on April 18th... and potentially highs or lows for the year.

John

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To: Hawkmoon who wrote (17570)	2/9/2016 7:51:09 AM
From: John P	2 RecommendationsRecommended By 3bar Hawkmoon Read Replies (2) of 18098

Hawk, The YEN and EUR have developed very bullish charts. The YEN has major long term support at the 80 area... it has broken above it's 200 DMA, pulled back to it and now appears to be breaking out of the ascending triangle it's in...... additional notes on the chart. the EUR put in it's low back in March of 2015.... the SLOPE of thwhy e 200 DMA has changed from down to up for the first time in 3 plus years and it's been showing a proper rounding bottom and is now above it's 200 DMA. I commented last year that the big 3 Global Currencies were acting pretty stable... and now volatility in the 3 of them has picked up..... The Currencies drive Major Global asset class moves! JJP

John

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