UJ Longs based on ecnonomics factors
USDJPY supporting ours fundamental + technical long bias.
We are maintaining our bullish bias for USD/JPY conveyed here last month and have
nudged the range one big figure higher to reflect the prospect of Fed short-term rates
potentially moving further higher, giving further upside impetus to USD/JPY. There
are other factors too that for now might be helping weaken the yen further although
these should prove more temporary. The supply-constraint issues globally and the energy price surge hits Japan to a
greater extent than many other countries and certainly trade negatively.
We are maintaining our bullish bias for USD/JPY conveyed here last month and have
nudged the range one big figure higher to reflect the prospect of Fed short-term rates
potentially moving further higher, giving further upside impetus to USD/JPY. There
are other factors too that for now might be helping weaken the yen further although
these should prove more temporary. The supply-constraint issues globally and the energy price surge hits Japan to a
greater extent than many other countries and certainly trade negatively.