USDJPY going ballistic despite BoJ intervention - 1 month TF
Last idea "has usdjpy gone ballistic already" was based on a 1 month timeframe trend.
The chart is consistent, BoJ intervention did not change the trend so far. Let's wait for month close, though.
On a shorter TF like 1W, 1D we can see BoJ intervention pushed USDJPY a little away from my ballistic trendline for a few trading hours; now it is back in trend.
Please remember that back in the 80s, USDJPY lost 50% in a couple of years. Ballistic trendline suggests +100% in a couple of years.
The chart is consistent, BoJ intervention did not change the trend so far. Let's wait for month close, though.
On a shorter TF like 1W, 1D we can see BoJ intervention pushed USDJPY a little away from my ballistic trendline for a few trading hours; now it is back in trend.
Please remember that back in the 80s, USDJPY lost 50% in a couple of years. Ballistic trendline suggests +100% in a couple of years.