USDJPY Trading Range

FX:USDJPY   U.S. Dollar / Japanese Yen
Trade USD/JPY as a Trading Range

1. The head of BOJ said that they will short their currency between 90 - 95 per dollar. They are currently doing it.

2. The head of the BOJ don't want to change their monetary policy (Negative Interest Rate). That means it will put a cap on USD/JPY at 112 area.

3. Fiscal Policy (Money Printing) will only weakens the Yen. ( Post Earthquake stimulus, etc)

Thus, YEN is in a Trading Range for a long time to come.

Go Long at between 105- 108. The Bank Of Japan will crush any strength on Yen. Go Short at 112 area.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.