USDJPY 2016 Beyond the Daily Chart

Fed is planning for 2 More Hike in 2016. 9 Months to go, So what's gonna be?

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Anything below 111.00 would be the intervention zone, and clearly we have some rebound action going on this level in the past 5 days after the first touch down.

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USDJPY tapping into the 113.00 level.

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Yellen extremely dovish comment pushing USDJPY away from 113.00 level.

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Apirl opens 55 pips above the 111.00 level.
The 111.00 level is in sight again.

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Crude drop below 39.00.
USDJPY 111.00 and 110.50 level breaks.

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Correction:
Crude drop below 37.00*

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USDJPY down to the 110.00 barrier.

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In May FOMC yesterday, most member hawkish and expect a hike in the very soon future, hopefully in June.

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USDJPY week ended above the 110.00 level.

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May New Home Sales hits 8-Yr high sending USDJPY over 110.00 level once again.

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- May FOMC: Most members expect a June hike.
- New Home Sales hits 8-yr high.
- Fed's Yellen: Hike probably appropriate "in the coming months"

Week ended above the 110.00 level with bullish outlook.