USD/JPY to the Moon

I'm agnostic as to whether we break 160 or not, but I'd be surprised - and even disappointed - if we didn't see a retest.

But hey, I'm just a punk.

 

BOJ interventions create volatility for a few days but are invariably meaningless, as far as the direction, timing, and magnitude of big moves. At least, that’s been the case for the seventeen years I’ve been paying attention.

One could therefore ask what the point is of intervening at all, and for that I don’t have an answer.

 

Hold your pants. Yen's fate will hinge on the FOMC's action tomorrow. My bet is that the USD/JPY will back down to 152 in the coming days.

 

Seeing an uncertain and unstable movement on the market and even in the XAUSUD pair.

 

The damn thing is even less stable than the crypto market! what the hell is with jpy?!

 

Buy the rumor (which was 160) and sell the bullshit (which is what the pundits wanted you to believe).

 

Don't become a sucker

 

We need to see new ATH in USDJPY to short when their official is about to speak. For now I see no easy way to earn on that idea

 

It is my opinion that the momentum of the British pound against the yen is stronger compared to that against the dollar.