Your guess is as good as mine, Alan. But it seems to me that USD/JPY has been heading down to the baseline of a descending triangle on the monthly charts at around 102. If there's a breakout on that then we could see fireworks. IMO as far as waiting for the BoJ, this mkt is all about the US economy at the moment and we know what that's looking like. You think that the yen is undervalued? I think that you could well be right.
Dennis, could you please tell us how strong pressure should be on JPY? I like japaneese yen and think that it is undervalued. This week we have already seen a big drop of USDJPY. Is it the bottom? Shall we wait appearance of BOJ at the market?
Good show.. When's the next video?
x11115 4 years ago
Thanks
The next video will be up 21:00 GMT today
fxclub 4 years ago
Your guess is as good as mine, Alan. But it seems to me that USD/JPY has been heading down to the baseline of a descending triangle on the monthly charts at around 102. If there's a breakout on that then we could see fireworks. IMO as far as waiting for the BoJ, this mkt is all about the US economy at the moment and we know what that's looking like. You think that the yen is undervalued? I think that you could well be right.
fxclub 4 years ago
Dennis, could you please tell us how strong pressure should be on JPY? I like japaneese yen and think that it is undervalued. This week we have already seen a big drop of USDJPY. Is it the bottom? Shall we wait appearance of BOJ at the market?
AlanGreensp 4 years ago