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Strategies & Market Trends : John Pitera's Market Laboratory

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To: rogermci® who wrote (18691)2/2/2017 4:36:55 AM
From: John Pitera1 Recommendation

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3bar

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I could see the USD/JPY poping up to the 115 area basis interbank market. back towards the top of it's range and the 50 DMA. but In all honesty the USD/JPY and the CME yen Futures are a very much a coin toss as to which way the next 400 basis points go. as this is a market that is in a classic congestion phase.



the 60 minute globex futures look like they are softening and could move down some to 87.80 basis the march futures.



the daily 1 year USD/JPY really says we are in a congestion zone

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