USDJPY Dec 31 to Jan 04 Outlook

By News Robot

Lawrence’s Comment

Recap
Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.

Outlook
Long term bias to move higher is now used up. Switching to long term consolidation or potential topping mode. Without the long term bias supporting ninja, it can easily fall back down to 82-83 level on no news or other catalyst.

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