USD/JPY- Investor Fears or Market Confusions? Shorts in PlayUSD/JPY has been the most confusing dollar cross as other have rapidly depreciated against the dollar whilst the Yen has done the inverse and actually Appreciated! All thing being equal, the global equities sell off and corrections could spell pure investor fear causing large funds sucking up lots of Yen in Anticipiation of a Market Drop.
The 106.50 Key weekly level is a critical Area for influx of orders in the pair. A break below would indicate a bearish sentiment while a break above the current wedge formation could also signal another Dollar Rally
Fear aside, Sushi is where its at!
