USDJPY Nov 18 to Nov 22 Outlook

Recap
Got the retest of Y+1 early in the week. Y+1 breached easily points to more upside. Previous week close acted as support on pullback and voila we got Y+2. Closed the week above Y+1 and midpoint.

Outlook
The breakout to the upside is now confirmed as Y+1 is now cleared. The zone B-1 / Y+1 is now very strong support and pullbacks should not breach the zone. More upside is expected.

Notice that due to the various problems Japan is having right now, its macro weaknesses could be finally catching up. This is not a reflection of US dollar gaining strength based on fundamental reasons.