Trading Edges That Last
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USDJPY Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Majority of the week was trapped within Y-0 to Y+1 as expected. The disaster just happened has brought the pair back down to Y-1 to close.
Outlook
It is not a good idea to touch this pair until after the developing events are over. Technical reactions to every piece of news coming off the wire can spike it as high as Y+1 and drop it as low as B-2 or even to B-3. If no new shocks coming from Japan, then a drift towards B-0 is likely.
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