TradeAlerter
Long

USD/JPY The Big One

FX:USDJPY   U.S. Dollar / Japanese Yen
130 2 3
Entering long USD/JPY             as Dollar weakness once again caps the topside due to FED Taper delays and Nikkei losses on the 25th of October. The downside minor support as been tested and whilst we are below the 200 DMA i believe the USD weakness is near the end and that a rally into the new year a natural move especially if any US data surprises or EUR/USD             reverses from quite high levels above 1.3800. Target is Y99 and then Y101.40 in Extension.
Target hit much quicker than forecast after holding above Y100
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Per daily chart i have same view ..nice work
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