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USDJPY Dec 17 to Dec 21 Outlook
Lawrence’s Comment
Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint.
Outlook
Election result is in and that the newly elected party has a mandate to print a lot more money (what an irony that the party is a conservative one). In short term it will further weaken yen and probably sending it to long term target 86-88 zone.
So, looking for long only until a weekly reversal happens.
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