USDJPY Sep 19 to Sep 23 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation yes, but not within Y-0 upto Y+1. Dollar yen traded one level lower from Y-1 upto Y-0. That again was driven by news shocks from, who else, ECB and Fed.

Outlook
At the blink of structural break down, the central banks and government officials will do anything to maintain the status quo.

Crashing USD has been the plan, or aggregated consequence if that makes you feel better, from the start by actions from Fed and the US government.

Japanese government wanted a weaker yen but they cannot do it alone. What they want is in direct confrontation against the US government.

The weekly / monthly charts has compressed to the point that within 2 weeks (max 3 weeks) one of these 2 sides will fail. Do not trade this pair on swing trade or higher timeframes unless you have extremely good reason to do so.

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