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December 13, 2018 | USD/JPY One More Time…Breaking on News

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

We keep fiddling with this trade…short USD/JPY…we have an extension into the 113.70; which ended up as today’s high…other extensions in the neighborhood. News from Japan:

TOKYO, Dec 14 (Reuters) – Japanese manufacturing activity has expanded in December, a preliminary survey showed on Friday, but export orders have contracted at the fastest pace in more than two years, a worrying sign of weakening overseas demand.

The perverse currency which tends to do better on bad news…

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December 13th, 2018

Posted In: Black Swan Currency Currents

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