USDJPY has grabbed the inducement and now is standing at its supply zone. As the market is currently in the sell trend. We will take change for a short position. You can go short from here and hold your trade till the next demand zone.
Happy Trading.
The Yen and thus, the Bank of Japan, is in a rather precarious position.
(Then again, when was the last time they weren't - in a precarious position?? ... .)
Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!"
So, when the BoJ hangs it's hat...
