Further Bearish Action Likely for the Japanese Yen

Further Bearish Action Likely for the Japanese Yen

 
USD/JPY
-0.05%

The USD/JPY and other yen crosses remain supported thanks to a hawkish Fed, mostly stronger than expected US macro data, and recent dovish comments from the new BOJ Governor. 

In this short video, I discuss where the USD/JPY is most likely headed and the levels I will use as my invalidation point in the event of a bearish reversal.