Sforex

USDJPY: the reason why I believe in more falling of U/J.

FX:USDJPY   U.S. Dollar / Japanese Yen
98 0 0
Let look a bigger picture.

In September 2014, we saw one cut of SMA100 and SMA200, from that point, USDJPY             rallied more than 2500 pips from 100 to 125.

Now I see SMA100 once cut SMA200 , that why I think market sentiment changed toward Yen.

BOJ cut all hope about a new QE , I think market begins to reduce the size of LONG position of USDJPY             .

That why I believe in more falling of U/J.
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