Johanes
Long

JLS: Long EURJPY Target Zone 121.50-133.50

FX:EURJPY   Euro / Japanese Yen
The short/sell on EURJPY target zone 133.00-119.70 not completed by limiting the lower ceiling at 121.50 higher than estimated 119.70 as corrected by EURUSD and USDJPY's actual target zones (see attached previous analysis). The current medium term target zone estimated to 121.50-133.50 at current interest rate differential. The actual upper ceiling/band however needs to be re-measured based on the future actual target zone performance of the EURUSD and USDJPY and both pairs are being moved from their disequilibrium rates to their equilibrium rates by their current interest rate differentials.

Carry trading pair EURJPY usually traded in two tranches, from lower to central and from corrected central to upper. Initial risk assumed shall be average weekly price fluctuation rate and managed to risk-free overtime based on average weekly price fluctuation rate performance.
Feb 16
Comment:
Feb 18
Comment: EURJPY is expected to be pressured down to monthly lower before the pair resumes to move to upward to follow her medium term exchange rate target zone trend. At such, long on EURJPY will be executed from her lower monthly level.
Feb 21
Comment: Beaware, the NZDJPY, AUDJPY, CADJPY, GBPJPY, EURJPY, CHFJPY could be re-hammered down, therefore long must be re-measured from her new lows based on their target zones performance with their major pairs.
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