USD/JPY: 114.50
Japanese Yen on uptrend wave
Short-run
market managed to accelerate advance as BOJ is ready to sustain Quantitative easing by buying every bonds that Government may issue in pursuing to spur Inflation in the region .
market managed to sustain advance toward 114.20 where market facing resistance of 114.65
as long as market holding trades above 110.00 the uptrend may sustain advance toward 114.65 , while below 110.00 market may enter our expect trading zone between 105.50 – 112.00
above 114.65 market may sustain advance toward 117.80
Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year
Daily Trend: Up
Weekly Trend: Up
| Support | Resistence | |
| Level 1 | 113.25 | 114.65 |
| Level 2 | 112.50 | 115.90 |
| Level 3 | 111.000 | 117.00 |
Short-term strategy: flat
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