SimonBrisebois

USDJPY Long term outlook

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
I see usdjpy going to tag the previous low in 107 zone. This bearish move will be fueled by the change of trends in monetary policies from central banks. The fed is already hawkish, I see the ECB and BOE starting to raise rates soon. This will lower the gap between the Fed hawkishness and the other central banks Dovishness. That with the appointment of a dovish head of the Fed by Trump, will drive usdjpy lower. The yen is also a good currency for when there is risk aversion in the US stock market.
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