Usdjpy

needs to bust 118.10-118.00 technicals change to bearish trade. SPOOZ trading with USDJPY. Nikkei is up.

 

busted. 118.10

 

yen carry trade unwind.. gbp/usd following usd/jpy eur/usd

 

Abe is visiting the USA in April.. you know how he likes to shoot his mouth off.. but April is a lifetime away.

 

we need to take out 118.00 - then we'll get into the first wave of stops

 

yeah, 118.00 is being stubborn. Long term my view is still 122.00 but short term they like to use yen rallying news to run stops and do a quick reversal.

 

consumer confidence in 4 hrs. that might do it.

 

price action analysis usd/yen is being bought at any momentary discount........bodes well for its run up to 122.

nikkei and spooz and asian markets working towards a higher usdjpy rate. news doesn't seem to matter.

 

intermediate term back to 115.50. Summer range bound market.

 

one characteristic of usdjpy, the asians loose control of supporting it when the other timezones start waking up.