Kaustubh
Long

USDJPY up move. Start of risk on regime?

FX:USDJPY   U.S. Dollar/Japanese Yen
Apart from the commentary in the chart, if this pans out, this would also likely mean a global risk on rally. So we may look forward to strong and sustainable rallies in equities across markets. Yields may go higher for US treasuries. This ties up well with the steady Fed rate hike scenario as well.
This has worked out very nicely. Also, the risk on regime seems to be kicking in with equities and yields getting a bump. The related oil trade should start working out as well now.
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If really bullish, then 108 is a good reach as I can now see 4rm looking@the weekly view ;)
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but I would say first target should be found around 105-106 areas then we observe from that point on...
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Well put! I'm in@101.423 and plan to ride it all the way up!
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