Although the USDJPY uptrend looks strong, even stronger trends could break down. The USDJPY downtrend will hardly start right now, but a correction can well happen. Let us discuss the Forex outlook and make up a trading plan. Although the idea of buying the USDJPY based on the divergence in monetary policies of the Fed and the Bank of Japan looks really attractive, one shouldn’t go too far. Since the beginning of the year, the US dollar has risen nearly 19% against the yen as Washington aggressively raises rates and Tokyo finds a thousand reasons not to. However, the yen seems to have dropped too low, and the ... (full story)