I've found the Swiss Yen to be a useful confirmation tool when discerning
the likely direction of the carry trades. Since they are both funding currencies
and the pair tends to range quite a bit and it doesn't have the following nor
the participation like that of G/J or E/J or even A/J, the market sort of
"lets it do it's thing". 4HR charts paint a decent map.
It does carve out a trend of some sort over time and I've found it to be
fairly easy to get a handle on, even when the other carrys are acting undecided.
Has anyone spent and serious time looking at the C/J and what have you noticed ?
the likely direction of the carry trades. Since they are both funding currencies
and the pair tends to range quite a bit and it doesn't have the following nor
the participation like that of G/J or E/J or even A/J, the market sort of
"lets it do it's thing". 4HR charts paint a decent map.
It does carve out a trend of some sort over time and I've found it to be
fairly easy to get a handle on, even when the other carrys are acting undecided.
Has anyone spent and serious time looking at the C/J and what have you noticed ?