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HaiPhamFX

Bullish Opportunity on USD/JPY

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
HaiPhamFX Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Beyond Technical Analysis USDJPY yen greenback DJ FXCM Index
2
0
trendanalysis beyondta usdjpy yen greenback usdollar
Why should we enter long on USD/JPY?
Fundamentals:
- The Fed will likely continue hawkish following U.S. economic strength
- The Bank of Japan will remain dovish due to low inflation data (0.7% in May, far below the 2% target)

Buy USD/JPY 109.90
SL: 109.40
Target 1: 110.60
Target 2: 111.30

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Trade closed: target reached:
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