USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards 145 levels non stop .Important support 140 to 141.50 level as shown in graph.Stop loss is 139.80 and it can jump upside without touch the support ,if it comes in support then we can buy more position for upside targets 145 above .Final stop loss for whole upside calculation is 138.70 and without touch it can jump for 152 level also. QUICK FUNDAMENTAL LOOK
The Japanese Yen has had a tough time last week and heads into the week on an overall weaker note due to Fed Chair Jerome Powell’s hawkish Testimony as well as Friday’s decline in Japanese CPI. Falling inflation will make it difficult for the Bank of Japan (BOJ) to shift from its ultra-loose monetary policy but changes to Yield Curve Control (YCC) is still a possibility.