We have been waiting for an opportunity to get into the USDJPY for a short for a while. We had hoped the USD rate hike would have given the opportunity for a price around 125.00 but that didn't materialize. By all intensive purposes the USD bull run is over and the rate hikes of 2016 are priced in the slow down in China is causing investors to look for safe haven flows such as the JPY and with the Japanese economy apparently showing signs of recovery we can expect a return to a more sensible price against the USD I would suggest 10600 by year end and possibly 9600 by mid 2017. bankonadam.com learn to trade like a pro for free!
