USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS
- JPY FEATURE is currently on the rise. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.0078 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stays higher than DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 129.444 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it is very easy to continue falling to USDJPY 123.414 LEVEL.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 129.444 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it is very easy to continue falling to USDJPY 123.414 LEVEL.
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