USDJPY - Short Term Japanese Yen Speculation
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Japanese Yen, from a technical standpoint, has a potential appreciation of 2-3%. Yen looks cheap in my opinion and opened at the .786 level.
Despite the US Dollar becoming strong, I do believe the Japanese Yen would gradually appreciate due to its domestic price level pressure, and we should see some govt intervention or other traders pushing USDJPY down for a bit.
Despite the US Dollar becoming strong, I do believe the Japanese Yen would gradually appreciate due to its domestic price level pressure, and we should see some govt intervention or other traders pushing USDJPY down for a bit.
Nota
Oofie just realized I drew the wrong entry level. It shall be 148.496, and SL @ 149.305
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