#NZDJPY: Japanese Yen is taking NO prisoners!OANDA:NZDJPY
Observations:
1)NZ$ is overextended
2)BoJ 'fake news' about Kuroda talking about Japan's inflation are not 'fake' 100% things may be picking up.
3)Yields are @#$#Q@%$# serious disconnect between reality and Spot price behavior.
Trading Mantra: "Never risk the house for pennies."
Bankofjapan
USDJPY FINALLY A SHORT?I'm personally expecting more upside to uj as exhaustion is not prevalent on higher timeframes, however, it is a possibility that a correction will begin in the coming days/weeks. A better entry for a short in my opinion is 121.4 area, however, if bearish market structure emerges i will look for short entries.