piptank
Long

Long Yen ahead #BoJ decision on interest rates $JPY $USD #forex

FX:USDJPY   U.S. Dollar / Japanese Yen
I'm looking for a long position on USDJPY             . The horizontal line marks a few tops in the last years. Yen has to break it to go further upwards. I think it will. On wednesday Bank of Japan take a decision on their interest rates.
Since 2010 they follow a zero rate policy. http://www.tradingeconomics.com/japan/interest-rate
There is no sign that it will change soon. That's why i'm basically bullish .
Futhermore the YoY rate of increase in the CPI             is likely to be about 0 pct for the next time.
Japan's debt problem is overwhelming, no sign of a trend change. http://www.tradingeconomics.com/japan/government-debt-to-gdp
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