Bank of Japan otherwise known as BOJ, they are trying to create inflation, operating pretty much unopposed, what's good for Japan is good for the world right now, and both Europe and USD can take it, but not forever.
I think BOJ is stupid. The inflation created by weak YEN is hurting Japan economy and people's life there.
So until now, people short JPY is because BOJ's QE. but soon people start to short JPY because the weaken economy
by the way, does any know the following online brokers? Are they good? http://www.gdmfx.com/ http://www.yadix.com/ http://www.oanda.sg/ http://www.fxpro.co.uk/
If you study each days treasury, currency,commodity and equity markets for several countries,each day,for the last 20 years and start to believe you understand them then that is the time to begin to lean on pure price action due to your vast information deficit.
pure price action traders are the same guys who only marry women based on how good they are in bed, that's the only thing their limited minds can understand