USDJPY Dec 05 to Dec 09 Outlook

Recap
With the backdrop of government intervention, dollar yen is showing the strongest persistencies in its uptrend. After the shock sending the pair down to Y-0, it bounced off there and closed the week above Y+1.

Outlook
As I said in past few weeks, a long term bottom is in place for dollar yen. It will be very difficult, even for the central banks, to change this.

Will not day trade this pair, in general looking for dips to buy.