USD despite it's apparent weakness lately looks ready to go on a run against the yen. The double bottom looks good and a run to range highs at 148 looks probable. I'm long from 130 and will hold this to range highs. Inversely I'll Martingdale down to the yellow circle, around 126-127 where the next support is. If price gets down to those levels you're going to want to put some size down.
There's not much fundamentals to go on except that Japan continues it's QE program and quite frankly the Bank of Japan is trapped in a much bigger corner than any other major CB.
There's not much fundamentals to go on except that Japan continues it's QE program and quite frankly the Bank of Japan is trapped in a much bigger corner than any other major CB.
Comment:
Shaved some of my long off on this earlier this week with DXY weakness. Will look to add in low 131s.