USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS
#USDJPY
- At this point, USDJPY is getting somewhat RANGE. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Last Friday's LABOR DATA shows that the dollar continues to strengthen. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market. LABOR DATA is due this week.
- Currently, the MARKET is becoming RISK ON, that's why the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting STRONG against USD.
- There is definitely a high chance that USDJPY will go UP a little more and move to 145.60 LEVEL. Anyway, USDJPY price can go down to 136.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy
- At this point, USDJPY is getting somewhat RANGE. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Last Friday's LABOR DATA shows that the dollar continues to strengthen. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market. LABOR DATA is due this week.
- Currently, the MARKET is becoming RISK ON, that's why the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting STRONG against USD.
- There is definitely a high chance that USDJPY will go UP a little more and move to 145.60 LEVEL. Anyway, USDJPY price can go down to 136.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy