Hello traders , here's my point of view , it's not a financial advise it only concern me
fundamentally :
Abandoning the loose monetary policy may trigger a massive revaluation of the yen Yen to strengthen with energy prices cooling and once the Fed is in the rear window Japan’s resilience to oil price rises will make the yen an effective hedge Risk aversion could intensify as there are plenty of reasons to be worried Monetary base set to nosedive Japan’s cultural advantage over the US to result in a faster economic comeback Japanese yields no longer the lowest in the world Virus risks have not dissipated Japanese institutional investors go back home when troubles emerges abroad Yen can be favored as the home-country safe-haven and for equity earnings
technically :
price struggling to continue , strong over extension , supply area being created
Very good