JPY

$USDJPY chart: Fundamental Bears Before Technical Bulls:

Setting new bearish targets:
- www.tradingview.com/v/5Hu45FZi/

Cheers,

David Alcindor

One thing very noticeable on currency strength charts is u have days when the USD and JPY are locked together like twins (converged) and days when they are trading at divergence extremes, and then anything inbetween. I suspect any answer to your weighted average question is going to be as unreliable as the common notion that the usdjpy is positively correlated to stocks and risk assets.

USDJPY - Another target hit ... Wolve Waves hits ts 1-4 Target Line:

As you may recall, last week I warned that fundamental and technical elements had lined up to favor a decline.

Since then, price did roll and hit the expect Wolve Waves pattern's 1-4 Target Line and had consolidated in the following interim of time. At this point, I would call this a perfect Wolve Waves completion:

[imagehttps://www.tradingview.com/x/PEy5iiQ7/[/image]

What remains is a probable target lower down, which may come to fruition, even though the larger trend remains bullish, as indicated in the larger chart, where a secondary target near 105 remains open for validation.

Cheers,

David Alcindor

$USDJPY LITTLE CORRECTION ON $US 10YR. BUY THE DIP TARGET 105,50Y...

HOWEVER CAUTION ON nfp TOMORROW WHICH SHOULD OR NOT CONFIRM THE TAPERING.

THIS TIME WEATHER ISN'T AN EXPLANATION

BUY BUY BUY USD/JPY
Inflation in Japan is rising, while the Fed's favored PCE prices index slipped
to 0.9% overall in Feb from 1.2% in Jan; well below the Fed's 2% goal. The
divergence between real rates since the last FOMC meeting has been glaring. Even
on a nominal basis USD-JPY 5-yr spreads have reached their highest since last
Sep and are up 30bp from Feb lows and 47 bp from late Oct. With the April 1
Japan sales tax nigh and economic activity expected recede for a qtr or so, the
BOJ is expected to launch QQE2 as the Fed tapers and provides rough guidelines
on when Fed funds rates will be raised next year. Assuming China repeats the
pattern of upping stimuli after a weak start to the calendar year, so as to meet
y/y GDP goals, USD/JPY should target 105.59, the 61.8% of 124.16-75.55 ('07-'11)
hurdle again.