USDJPY: the reason why I believe in more falling of U/J.
Let look a bigger picture.
In September 2014, we saw one cut of SMA100 and SMA200, from that point, USDJPY rallied more than 2500 pips from 100 to 125.
Now I see SMA100 once cut SMA200 , that why I think market sentiment changed toward Yen.
BOJ cut all hope about a new QE, I think market begins to reduce the size of LONG position of USDJPY.
That why I believe in more falling of U/J.
In September 2014, we saw one cut of SMA100 and SMA200, from that point, USDJPY rallied more than 2500 pips from 100 to 125.
Now I see SMA100 once cut SMA200 , that why I think market sentiment changed toward Yen.
BOJ cut all hope about a new QE, I think market begins to reduce the size of LONG position of USDJPY.
That why I believe in more falling of U/J.
