BombayBulls
Long

USD/JPY - Change Of Fortune - 11/22/2016

FX:USDJPY   U.S. Dollar/Japanese Yen
53 0 2
If US president elect Donald Trump is serious and capable enough to change the Tax code then of course companies will repatriate the income stashed abroad and that will help equities ( more buybacks, what else they can do anyway ! ;) ) and US dollar             gain more. If things don't go as planned and because of some inadvertent event, equity starts melting down from historic high, then also US dollar             tends to gain. So in short US dollar             has some serous momentum behind it and we need to keep that in mind. Also we need to be aware about present treacherous trading conditions where things can change overnight.
Betting on the further rise of USD/JPY             is ok but we would like to enter at appropriate level. On a short term bases, we are looking at 109.50 and 108.50 as better support levels to buy.
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