Akshay15
Long

Expect $/Yen to move UP next Week.

FX:USDJPY   U.S. Dollar / Japanese Yen
$/yen is trading choppy recently and there is no clear trend emerging, so i am trying to look at some other factors to see which way it might turn. The first thing is Nikkei Index itself which moved back above the resistance plus MACD turned positive which is positive for $/Yen.
Second is the bond yield spread which i think is moving in favor of $. Third is $/Yen pair itself traded above 20 Day EMA on daily chart to close for the week with MACD turning positive. I cut back my Long UJ trade ahead of the NFP but if on Monday also 20 Day Ema holds i would go long with SL below 109.8.
RIGHT, BASICALLY ITS RANGE ON WEEKLY. 112 IS CUT OFF TO THE TOP I THINK!
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