Sabi
Short

USDJPY At Critical Level

FX:USDJPY   U.S. Dollar / Japanese Yen
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2
FX:USDJPY

The Japanese Yen has arrived at a very critical level, historically speaking this area has provided extreme volatility . If we manage to gain a successful close below this fib level then we can expect a test of the 106-100 region. If the 50% fib level is breached then sub 100 will be opened up.

Comments

My final target is 75! I think that is the mother of all trades! There are several trillion assets financed by JPY and now we are in a painful process of deleveraging! And as we well know, BOJ will do opposite action that will make things even worst. Many time I have the impression that people in Japan went through lobotomy when they were kids!
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Sabi BusinessInMotion
A somewhat ambitious target but i cant help but agree with you that it's an ever increasing likely-hood. Haha, they certainly one of the more "immature" CB's out there. With the further decreasing value and popularity of the USD the JPY & EUR are going to become ever more popular.
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Thanks mate!
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100% correct!
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Sabi BusinessInMotion
Thanks for the feedback!
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