USDJPY Feb 02 to Feb 06 Outlook

By News Robot

Lawrence’s Comment

Recap
2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1.

Outlook
No one dare to challenge BOJ hence the choppy actions and lack of direction. But it is just a repeat of what the other politicians did like Merkel who talk tough but they cannot fully control the market.

Breakout mode for ninja with Y+1 / Y-1 as the boundaries. breakout targets the usual Y+3 and Y-3 once the move has started.

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