Lawrence's Comment
Recap
Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook
Japan will ...
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Lawrence's Comment
Recap
Sold off in the beginning of the week. Bounced off fib level (see USDCAD comment) and rallied all the way up to 200% absolute range expansion target. Ended ...
USDJPY Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Bounced all the way back to Y+3 exactly as expected. Closed the week above Y+3.
Outlook
As long as B-1 to B-0 acts as support a short term bottom is in place again. Pullback will likely be good for forming long setup.
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