Dollar Would Return to October 2022 Level against Yen
Updated
USDJPY performance in the last 27 days drew a return of the mid-term bullish trend. If the dollar breaks the level of 145 JPY, I expect a touch of the 10-month high of 150 in the next four weeks. If the level of 145 stands, then a correction to 142 and 140 could happen.
Comment
According to my analysis, a chance for USDJPY to reach the level of 150 during the next two weeks still exists.Trade closed manually
In the first post, I estimated that USDJPY would reach 150 by Sep 8, but it reached 147.8. I am closing the idea because the timeframe has passed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.