USDJPY: We need to watch a bigger picture.

FX:USDJPY   U.S. Dollar / Japanese Yen
313 2 5
For two weeks, USDJPY             lost 1000 pips due to demand for safe-haven currency in global uncertainty.

This is the biggest lost of USDJPY             since 1998 : 18 years one time. So it's a rare phenomenon.

I have a pessimistic view about current situation of global economy. There is no bright signal.

Despite the effort of BOJ to increase stimulus and depreciate Yen, I think Yen will receive more bid.

Look at on the chart, I draw a long long term trend line , USDJPY             officially break this trend line , signal for more loss.

I believe USDJPY             would fall to 105 level in the medium term.

thank so much
Mate, I have same opinion! Turkey & Saudi is dragging US in a deep war in Middle East, the 4 hikes will turn into 2-3 negative "increases", therefore I think 75 would be a very realistic target! Enjoy your pips!!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out