This is the Economic GPS Takeaway
I'm Thaddeus Cummins
Today is Mar 30 Tuesday 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
YEN index has formed head and shoulders after overnight gains.
President Biden recommends masks and caution as half of US governors open state economies.
Individuals and businesses bear no direct costs from generating greenhouse gases (GHGs) that impact people and the economy. Economists define shifting costs to other people and businesses as "spill-over" costs. Spill-over costs like leaking chemicals into a river undermine health and labor productivity. President Biden is working on regulations but economists favor price signals. It is unclear which response will prevail.
#Global Trade News
Recent negotiations between China and Iran suggest growing relationships around oil and the South China Sea. By population and growing middle class value chains the South China Sea is likely to generate risk events that push currency pairs up and down.
#Economic Calendar News
German inflation is nil and American consumer confidence soars suggesting global sentiment is positive for economic growth.
#Technical USD/JPY on the One Hour Chart
USD/JPY punches through 110 making Japanese autos attractive.
This is Thaddeus Cummins looking forward to your continued success. Good day!
"Meditate on the Good. The Math will Follow"