Sforex
Long

Long U/J ( some opinions about movement of U/J

FX:USDJPY   U.S. Dollar / Japanese Yen
279 0 0
Thanks for increase of 10 years T-Bond             .

That is the trigger for U/J takes advance above 100.

Look at in the chart:

We see:

- U/J move above SMA 50, EMA 50, SMA 20
- Especially, U/J moves above SMA 100. This is a strong support.
- SMA 200 is the long term support. We saw U/J touched this support and then bounce from that support.

In the long term, U/J is very hard to break SMA 200 because BoJ is keeping their monetary policies. They want JPY devalue to support export, and they still print more money to devalue JPY.

So, I think next week, U/J move to the resistance 100, base on good news from US : recover of US economy and 10 years T-Bond             .

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