Risk Currency Safe Haven Currency
AUD NZD CAD EUR GBP CHF USD JPY
Japanese Yen is the most safe haven currency. It's bought when global economy actually has a real problem.
But what is the current problem which raise the pessimistic view of investors around the world ?.
We still not have a positive solution for Greece , and China stock market jumped to the hell recent days.
While we don't know when FED hike rate to lift up the hope and optimistic view.
All explain why investors enhance to Buy Japanese Yen ,and I think this trend will continue.
And I want to remind that : BOJ said that: There is no more stimulus this year. That's enough. They cut all hope and reduce catalyst for a positive rally of USDJPY .
AUD is the top risk currency, and JPY is the most safe haven currency.
Hence, AUDJPY will hit hard
I talk about why USDJPY would fall down,and bet on the downtrend of this pair.
is used to find where is the target of the trend.
In turn USDJPY will test following supports:
- SMA50 first ( already break).
- ( already break)
- Kumo cloud
- 100 ( red) : 121
- SMA200 ( black) 118.40
I see a pattern on the chart. If the cannot hold USDJPY , the decline will extend.
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