USDJPY: Long-Term Short and JPY TWI
Technical:
It appears that the JPY TWI has regained some strength after a weekly retracement to a 50% support level. This would be a good chance to start taking a short trade in USDJPY as the dollar index seems overbought and momentum is waning after a strong move up that seems overdone.
Fundamental:
In the long run, I believe that the USD will continue to fall. JPY is currently 20% undervalued and it is only a matter of time that the Japanese economy starts to move rates from negative to positive by the end of 2018.
Japan's economy looks attractive. Will Japan move from "safe-haven" currency to a "hot market" currency, a bridge to Asia or a launchpad into Asia for larger investors? I don't know.
It appears that the JPY TWI has regained some strength after a weekly retracement to a 50% support level. This would be a good chance to start taking a short trade in USDJPY as the dollar index seems overbought and momentum is waning after a strong move up that seems overdone.
Fundamental:
In the long run, I believe that the USD will continue to fall. JPY is currently 20% undervalued and it is only a matter of time that the Japanese economy starts to move rates from negative to positive by the end of 2018.
Japan's economy looks attractive. Will Japan move from "safe-haven" currency to a "hot market" currency, a bridge to Asia or a launchpad into Asia for larger investors? I don't know.
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
