GBPJPY FUNDAMENTAL SWINGS
YEN
1. Weakness of YEN back in play after hitting the all important 77 price point with new-year rally and price set ups at the start of the year.
2. YEN is extending its macro sentiment with BOJ maintaining dovish monetary policy which is devaluing JPY.
3. Institutions got to jump in at better price points with these pullback plays with no changes in current sentiment thus far.
With hawkish BOE and dovish BOJ in play and lack of catalyst/FUD to directly affect YEN strength, GJ should continue its bullish sentiment
back up to 166 KL minimally or to the top of the range.
1. Weakness of YEN back in play after hitting the all important 77 price point with new-year rally and price set ups at the start of the year.
2. YEN is extending its macro sentiment with BOJ maintaining dovish monetary policy which is devaluing JPY.
3. Institutions got to jump in at better price points with these pullback plays with no changes in current sentiment thus far.
With hawkish BOE and dovish BOJ in play and lack of catalyst/FUD to directly affect YEN strength, GJ should continue its bullish sentiment
back up to 166 KL minimally or to the top of the range.
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