peterchung16

USDJPY Trading Range

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
2
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.
http://www.reuters.com/article/us-japan-...

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.
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