USDJPY Longer Term Downside Prevails
In my opinion, Japanese Yen is more than likely set to get stronger in the rest of 2016... The BOJ might or might not interfere/intervene anymore with the strength of the JPY, but the strength of the JPY will nonetheless always prevails no matter what happens (more negative interest rates from BOJ or not - any sudden rally upwards will be more great profitable reasons to sell/short this pair)...
Any kind of major upwards movements/retracements should only be expected to happen much further into the future (& at/from only a much lower price point/level)...
Though expect minor/temporary pull-backs from time to time on the journey down (because it won't be a very smooth journey down looking at the USD; which is also strong)...
Any kind of major upwards movements/retracements should only be expected to happen much further into the future (& at/from only a much lower price point/level)...
Though expect minor/temporary pull-backs from time to time on the journey down (because it won't be a very smooth journey down looking at the USD; which is also strong)...
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