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In my experience many a Frenzied Run like this in PMs end in the overnite session with a reversal.
So…everybody say a little prayer tonite that the BOJ doesn’t freak out abut this Yen strength and Sell a Trillion
of the damn things tonite.
If we can close tomorrow strong …that would be beautiful
its the week end AND the Month End and the candles would be so NICE
Pray to whomever you think can help keep the BOJ calm .
Meditate on it
oooommmmmm !
The Fed, BOJ and ECB Central Bankers talk to each other everyday. BOJ had stopped short against all expectations to ease even thought conditions warrant otherwise and IMHO, it has to do with the G20 meeting in Shanghai and the recent secret Fed meetings. It’s their turn now to play nice and let USD depreciate to get the inflation Fed wants for another dot or two this year. Again, that’s my humble opinion and mine alone.