KonsigliereNera

KonsigliereNera

Over the next 12-24 months, USD/JPY is likely to trend higher due to: 1. Monetary Policy Divergence: The U.S. Federal Reserve (Fed) is expected to maintain a relatively hawkish stance compared to the Bank of Japan (BoJ), which will likely keep its ultra-loose monetary policy intact. 2. Interest Rate Differentials: Higher U.S. Treasury yields compared to Japanese...

KonsigliereNera

Well, looks like the Bulls have had their fun. Time for the Bears to come out and play. If you read my previous post, I said that it couldn’t remain up there for so long. Peaked at 119.126, and slowly coming down. Completion of the Head and Shoulders coming up? I feel a pullback to at least 117.736 then a retest at 118.325, then strap in for the wave down back to...

KonsigliereNera

Since the recent market expansion on USDJPY we have seen a fake breakout reaching a high of 118.452 and it has been up and down since it reached this point. With a more than likely rate hike on the way from The Fed, and optimistic news from the Bank of Japan. I think we could see a return to about 115.500 level at least. I speculate that this is a situation that...