USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS
- JPY FEATURE is going down a bit right now. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. JPY FEATURE stands at 0.0074 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. Already JPY WEAK is coming with JAPANESE UPDATES. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 138.61 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it can continue to fall to USDJPY 128.66 LEVEL very easily after breaking the TREND LINE.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 138.61 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it can continue to fall to USDJPY 128.66 LEVEL very easily after breaking the TREND LINE.