09/15/2017 – Japanese Yen
December Japanese yen:
1. In yesterday’s (Thursday, September 14) Williams edge live meeting it was noted that continued hourly and daily closes above $90.46 in the December Japanese yen would prompt a tradable advance to $91.70/$80.
2. Subsequently, all hourly and yesterday’s daily cclose were above $90.46 and today (Friday, September 15) the Japanese yen completed the majority of the $91.70 upside target (today’s session high $9165.50). A further test of $91.70/$.80 may occur again next week on or around September 20, as noted in the live meeting. Will message any further entry or indication in the December Japanese yen.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.