Hello Traders.
USDJPY is being driven under great bullish sentiment for a long time.
BoJ interventions up to now, have no impact empowering Yen.
However, USA policy and huge America's debt, will show its teeth by creating instability for gobal investors.
I think we are close in such a scenario.
Now, in the chart I see that USDJPY needs either to head to the recent highs and starts selling to the or to break the daily trendline vigorously and retest it without invalidating the breakout.
USDJPY is being driven under great bullish sentiment for a long time.
BoJ interventions up to now, have no impact empowering Yen.
However, USA policy and huge America's debt, will show its teeth by creating instability for gobal investors.
I think we are close in such a scenario.
Now, in the chart I see that USDJPY needs either to head to the recent highs and starts selling to the or to break the daily trendline vigorously and retest it without invalidating the breakout.