USD/JPY long as a long-term idea has been on my radar for several weeks now, and it got even more attractive to me after the Brexit vote. On the fundamental side of the story, the most recent speech from Fed chair Yellen was pretty bullish, strengthening the chance of hiking rates this year. US Economy is doing good, and the Jobs report and CPI which are closely watched by the Fed are holding positive. On the other side, BoJ continues to fail reaching their inflation target and continues to adjust that target. They will be nneding further quantitative easing and potentially some more helicopter money, and given the extreme demand of JPY by the market after the Brexit vote that has made it even harder for them to make the right decision.
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600 PIPs so far :)
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ananora23
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May I ask what is your target? thanks!
ErfanParvini
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@ananora23, Ultimate target is 130 hopefully reaching by the 4th quarter of 2017.