The Yen pairs have been behaving erratic to say the least!! Here is what we think about it:
JPY outlook
Long term trend remains Bullish for YEN pairs. Currently corrective moves are expected
which will provide short term Short trades for intraday traders. So take your pips when you can.
But don’t get over ambitious with shorts as they may not last long.
Outlook – Strong to Weak JPY
USD/JPY outlook for March 12th:
USD/JPY 12 march" title="USD/JPY 12 march" width="960" height="676">