USDJPY has moved down more than 200 pips from April 15 for two days. It is really easy to predict.
I'm checking the USD composite indicator i coded. The evidence shows that it's not the yen but the dollar itself losses value. Cable (gbpusd), loonie (usdcad), kiwi (nzd), swissie (usdchf) and fiber (eurusd) all moved from April 15. Hence, this cycle must have something to do with USD.
I've done a bit of research on this one. It may somehow related to 'US Tax Returns' and book closing. Ok, around the April 15 the end of fiscal year is the death line of paying the taxes. My hypothesis is that the end of paying taxes = fall in dollar value.
Do tax payers have anything to do with selling treasure bills or lowering interest rates?
If we can figure out how to read the cycle before hand, we will be all millionaires. How do we use technical analysis to trade this?