USD/JPY Discussion

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Target hit

https://www.beemarkets.com/resource/...mary-4362162_0

Above is a nice reading to have an idea about (maybe) changing fundamentals at Japan fiscal policies and also good to understand relative strength of Yen at recent days after testing of 157.80 following BOJ meeting.

'Return To Surplus After Nearly Three Decades
Japan's fiscal trajectory is on the verge of a historical turning point. Prime Minister Sanae Takaichi recently announced that the country is projected to record a primary balance surplus in its initial national budget for fiscal year 2026 a milestone last achieved in 1998. This development represents a major symbolic and practical shift for a country that has grappled with ballooning public debt and chronic fiscal deficits for more than 27 years.'

If this really happen, the rise of UJ to 160 and above can be delayed for a while. I am more like sidelined now in the short/medium term for UJ. Long term is still bullish for me at UJ due to demographic problems (aging and decreasing population) of Japan.

I don't trade much UJ actually (I focus on metals and SP500), just wanted to attract your attention to an interesting article

Inside day.

There is still over an hour until the 4-hour USD/JPY chart is confirmed, but since it is almost at the lower support, I will close the position.

Ofcourse me being ThaonAnh's number one fan,
Applications are open for those who want to join the fan club

Testing the support zone ...

Target hit

The pair could test 156.85 today

W1

I will close some positions when it reaches 157-157.25. I will hold the rest.
Because I predict UJ will continue to up after the new year's opening.