USDJPY: not convinced rates will be raised..new targets

USDJPY technical fundamental trade...

Trade closed: target reached:

Target #1 was reached on December 09, 2015. I forgot to update this. Closed trade opinion for Target#2. All trades are closed as now I review data for the new year in stocks and currencies.

Also, around the end of November, the data convinced me that rates would be rising. Overall, this was a good trade for target#1. Since rates has risen and will keep rising going forward, this strengthens the case for the USD. There still could be a countertrade to the downside....but I will take a week or two to watch the markets to see how they are fairing.