 Jump to our man, Teddy Kegstad, folks. You can reach Teddy every trading day at 4x-trading-unlocked.com. We talk to Teddy every Wednesday at 40 past the hour. Mark that one on your calendars. You can tune in every week. Teddy Kegstad, what's going on, man? Morning, Tammy. We got a short holiday week this week. I bet you want to talk about the yen, huh? You know what, man? I almost just let off with it. And I said, ah, we'll just see where we go. But I got it up on my chart to begin with, man. You were talking about being a bull, Teddy. Even with Japan over there saying, hold on, we're going to put a cap, but let's kick it off, man, because it's been quite a run in the yen. I got it up here on a daily basis trading at $125.68 right now. Talk to us, man. What's going on? Well, we had a higher move high today. I think the highs, it was $126.30-something, $31.32. Yeah, $126.31. Sure. Yep. Now, right now, the yen is just getting devalued versus most of the currencies out there, especially all the strong ones, you know? So it's not just the dollar, the pound yen, the Aussie yen, they're all like pushing highs. The U.S. dollar yen, though, is the one that is the strongest one that's impacting the yen. And now we know there's a line in the sand at $130. I think no matter what, you have to be very careful right now trying to sell into this move. I think we're going to definitely start to push up to that upper $128.29 area over the next, well, everything is so accelerated. I mean, I thought we would hit $122 and then $120, you know, a higher target over to, not for another couple of weeks yet. So right now, this is so accelerated with the momentum that you got to ride this, you know? And I think it's going to continue. So I'd be very cautious. I think you're going to see a lot of swings. I mean, we had a big sell-off last Monday that really pounded the yen for a while, or gave strength to the yen, excuse me. But it didn't hold up. You know, the news is out there, the market doesn't seem to care. And the reality is if you look at the 10-year and the 30-year notes, I mean, they are coming off new move lows again from this week, you know? So that strength in the interest rate factor until the Bank of Japan does pull the trigger is definitely going to be an issue as far as the driving force from momentum to the upside for the US dollar strength and other currencies against the yen. Yeah, it's pretty remarkable that it's just been so strong in light of a cap that as a trader, you know, you think, okay, I got a cap, my risk-reward potential, where are we going? But nonetheless, man, you can see that it's just strong, strong, strong, man. I got, I mean, going back to it, it's pretty remarkable since March 7th. Outside of those three bars on that initial pullback that it had, from March 29th, I only got one or two other red bars. And you're talking about what, six weeks of actually trading from 115 to 125, like you say, just everything moving so fast in the market right now. And we were sideways for four months before that. You know, we were in a range trade. I mean, we were inching higher, but for the most part, it would make new highs and then correct back off of it really quickly. Sure. We're not seeing that type of activity right now. Yeah, on a weekly basis, man, the charts just bonkers in terms of the last six weeks, just straight up in one way. Where else do we go, Teddy? What else is on your radar for what's moving this week? Well, I would say use caution. We have Good Friday coming up. So no matter what, you're going to see the market start to close globally going into Thursday into Friday's trade. Anything that is open on Friday is going to be very, very illiquid. So it's always a bad, you know why the stock market is closed on Good Friday? Has nothing to do with a religious thing, but twice the US stock market was open on Good Friday and both times there was a crash. So the markets don't like Good Friday. So I don't know if it's a God thing or not God thing, whatever it is. So they said, let's just close it. Yeah, so if you're not in a position going into this weekend, wait until Monday. That's my biggest point. So as far as what you're doing here. Because you're following Forex and obviously that's a world market more so than our equity markets, even though that's a world market as well. How is this holiday Easter in particular Friday is across the globe very slow as it come into, as in world markets basically just dry across the board as well? Yeah, I think so. I think it's going to be so you're going to see, especially, I mean, we have obviously the geopolitical tensions are different than most holiday periods, if you will, you know, so but we can't remove that that factor is there. It's not going away. So I think that you will see a little bit more of a disparity as far as the open from the close on Thursday into Friday into Monday's trading or Sunday nights trading, depending on which market you're seeing because of that little extended period. But I don't think it's going to be that significant. The reality is we know inflation is not going away. All these variables are already there. There's not going to be any shock that inflation is higher with oil is a little bit more or whatever. You would need a radical move like for oil to open up like $20 higher $20 lower, you know, that's not going to happen. You know, so I mean, I think that you're going to see obviously a lot of like erroneous spikes. That's why I said be cautious of if you're not in the market, wait till Monday, you know, because the out think about the algorithms. When you have the markets closed like this for this extended period, once they open, these elbows are going to kick around all over the place. So all your weak stops on either side of the market are probably going to get run up a little bit. You know, it's depending on the different markets. You know, so it's just not a good trading environment. You know, it's not about being indecisive. It's just it's the mechanics of what's going on. And you're not going to find I think any real valid buyer sell signals until after next until after this weekend. You know, so you know, open yourself up to a little bit of volatility from a light market, right where it's really tough to tell it's almost flipping a coin in terms of where it goes. Let's talk a little bit about crude. If we can man, we're back above 100 bucks and in this market every time. I mean, just since Monday, I was talking about as I kicked off the program $10 to the upside from Monday morning of 92 93. We all know gas prices, man, just record prices. What do you see happening in the screw market, Teddy? I think that we've found a nice little support base. You know, I think that we're going to start to inch higher. I don't think we're going to accelerate at a high rate like we have over the past couple of months. I think we're definitely kind of buffering in the resistance, but I would say that we're going to make higher move highs and higher move lows. I think we're digesting this upper 90 to lower right around $100 as a baseline moving forward because there's nothing that's going to come fundamentally to make us bearish this market. You know, even though the world, you know, we have some of our oil partners, if you will, that are opening up their reserves. These numbers are insignificant. We're talking about speed bumps, you know, and even if they open up their supply chains, it's still a matter of getting it to us. You know, so that's another issue as well. You know, and then here's something I think you really have to think about is that, you know, Port of Shanghai went to complete shutdown at the end of March. We have a big supply chain issue that's about to hit us again over the next couple of months. It's also going to hit shipping and also it's going to hit the energy costs. So I would think that over the next couple of months, that support base alone is going to drive the price accrued probably up to new levels. Like for us to see $140, $150 by July 4th or the end of the summer, I think is very, very rational without a doubt. You know, and to be quite honest with you, if we don't see, I think about this, if these lockdowns start to go like they are going in China and continue to progress like they did two years ago or a year ago, we're looking at some major, major inflationary things that are definitely going to influence oil. So then $200 a barrel oil by the end of the year could be very rational. Cool. That's a good one to end on, man. They'll be coming back next week to hear the take on that one, man. Teddy, we appreciate the conversation as always, man. We look forward to talking next week. Have a great long weekend. Have a great Easter, man. Thanks, Tommy. You too. You guys have a good weekend. You too, man. Thanks so much. Stay tuned, folks. We'll be right back to finish up the show.