USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards152 levels non stop .Important support area is 138.18 to 140.88 level as shown in graph.Stop loss is 136.10 and it can jump upside above 152 levels without touch 136.10 .It is running presently in strong support area so intraday or positional buying can be taken with stop loss 136.15 for upside rally.1 minute chart calculation showing irregular correction at 138.68 level so anytime it can jump over this level.
QUICK FUNDAMENTAL LOOK
The Japanese yen weakened toward 140 per dollar, hitting its lowest levels in a week after Bank of Japan Governor Kazuo Ueda said there was still some distance to sustainably and stably achieve the central bank’s 2% inflation target.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.