The Yen intervene in my opinion is futile. The
USDJPY
has a trajectory of 200. I do expect the touch base on 152 but i feel that Japan is getting impatient that appears to be in the recent intervention. We also need to guard against the year end, stop loss should be tight. As the downside move has 137 at sight.
USDJPY
has a trajectory of 200. I do expect the touch base on 152 but i feel that Japan is getting impatient that appears to be in the recent intervention. We also need to guard against the year end, stop loss should be tight. As the downside move has 137 at sight.
Comment:
Revised to 132.