I don’t really trade Forex, unless something catches my attention. USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while, Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2. It doesn’t mean it will but according to my analisys, most of the indices look like they they’re going for an upside move. With VIX being overbought as well. The markets might get a bit more positive until November US rates decision. Personally I think we might not get lower than 140.
Im not a professional trader and this is not a trading advice. Trading is risky. Always do your own analisys.
Perhaps you should read some news, all TA is failing for this pair..
Trinnisia_Trades
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@helpfulProfile92522 well, true but it won’t be permanent. FED is meeting in November. The dollar will come down in next two weeks before goes a lot higher.
helpfulProfile92522
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@Trinnisia_Trades, It's not all about the FED, they can only do so much, one wrong move the inflation will cause not just recession but depression.. meaning they are going to raise rates to 10%? 20%? and if Bank of Japan refuses to raise rates as wages did not grow, then the disparity will grow even larger and we will be looking at 300 instead of 150..