#USDJPY
- USDJPY is currently BUYing. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Another major reason was that the dollar continued to strengthen after last Friday's LABOR DATA. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At present, the MARKET is becoming somewhat RISK ON, that's why the JPY is going up. According to the USDJPY ANALYSIS we provided earlier, the USDJPY UPSIDE WAVE is currently UP around 145 ++ PIPS.
- There is definitely a very high possibility that USDJPY will go down a bit more and move to 148.45 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that USDJPY price can go up to 152.67 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
- USDJPY is currently BUYing. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Another major reason was that the dollar continued to strengthen after last Friday's LABOR DATA. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At present, the MARKET is becoming somewhat RISK ON, that's why the JPY is going up. According to the USDJPY ANALYSIS we provided earlier, the USDJPY UPSIDE WAVE is currently UP around 145 ++ PIPS.
- There is definitely a very high possibility that USDJPY will go down a bit more and move to 148.45 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that USDJPY price can go up to 152.67 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.