USDJPY: Dollar weakness and Yen Strength and Beyond

I think I have already posted this. I have shorted USDJPY last month.

Well, posting it about for the record.

עסקה פעילה:

s3.amazonaws.com/tra...shots/y/YMrbRWZ6.png

הערה:

It should be noted that the risk to this trade has been the trade war going on between Trump and Asia. At first it was China, but now since Japan refuses to agree he is attacking Japan. South Korea bowed to the USA, signing the trade deal.

NFP and Avg. Hour Earnings on April 6, 2018 will determine which way the USD will go next.

הערה:

The Yen Trade-weighted Index at demand zone:

הערה:

הערה:

So far, it is dollar weakness driving the move down today (April 16,2018). Is it sustainable? Well mid to long-term, yeah. JPY is still weak at the moment though.

Yet, looking at it from a broader view from the Japanese trade-Weighted Index, Japan has been gaining strength since last week, as can be seen here. If support holds it will show up later in our coincidental indicators, the currency meters; however, I have deeper reasons to hold short USDJPY and buy the Yens.
uploads.disquscdn.co...46521fa3127da7ea.png uploads.disquscdn.co...e1f0c43300a5ba45.png