FX:USDJPY U.S. Dollar/Japanese Yen
trouble in the boat in the coming days: for UJ, we are now 2% from 100 which is a high risk for the currency but the BOJ is now naked. Overall has been down and no sign of any good news neither from Japan nor USA...Down with a bumpy ride with drops accelerating. TP 100.5 support then Kaboom below 100 drag to 95.
Comment: Total failure of the BOJ, low volume and high volatility didn't push the UJ up for long, usually we see a 24-48h before a turn down...this time only 4-5h when London opened. The 100 and below looks pretty close now. Unless the FOMC impress UJ will drown. High volatility expected again.