From the perpective of bond speads, fair of uj shall be above 110 level. 111.60 becomes a short-term support as well.
Price closed at 113.5 has been a reflection of investors' view on this election, that it to say, they are buying the Abeconomics which will accelerate the depreciation of Yen in next 3-4 years.
Price probably open high with gap this Monday, consider to buy the dip and to see if price has capability to breakout 114.5 then head to 116.4 if done so.
Price closed at 113.5 has been a reflection of investors' view on this election, that it to say, they are buying the Abeconomics which will accelerate the depreciation of Yen in next 3-4 years.
Price probably open high with gap this Monday, consider to buy the dip and to see if price has capability to breakout 114.5 then head to 116.4 if done so.
Gap has been filled, further advance.