USD/JPY at a flash point, double bottom formation testing support at 102 zone, which has likely held, intersecting an upward trend line, indicating, the pair will continue its long term uptrend steadily if a bounce takes place to resume the Dollar uptrend. Short to medium term YEN weakness can also be attributed to risk appetite in the markets. Yen, with its counterpart Gold the atypical safe havens trading lower, because of the pervading bullish atmosphere curtailing flows to the Japanese Currency. This Juxtaposed against a better performing US economy, increasing bets on more imminent FED tapering, gives me a medium term outlook that favors the US Dollar.
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am begiining to beleive it really
Good