...despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ.
Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right...
professionals increased 5% short jpy by last week. Commercials increased 1% long positions as well. Net Impact of 6% short in jpy. one & five year bullish extreme jpy as well. 17th January weekly bar is key reversal bar made a new low closed off the high. 24th weekly bar is Insurance bar dictating continuation bullish rally.
