USDJPY Apr 08 to Apr 12 Outlook

Recap
Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal with Y+1 target. Ninja did not stop there as more news fed out to push it even higher. Got Y+3 then Y+4 in 1 go. Closed the week at week high and Y+5.

Outlook
Much faster price swings then anticipated, both downside and then upside. Did not participated in the last push to Y+5 as that part was way beyond normal expectations.

This week consolidation around Y+5 is expected. Not the usual tight range one though because past week was 350%+ range expansion. This week we can easily see swings to as high as 99.3 and as low as 96.4. Extreme volatility induce more volatility in coming weeks.