I already made more than 1200 pips on usd/jpy and eur/jpy, however I think now we are witnessing beginning of much bigger move on monthly. Without further due, eur/jpy first:
Couldnt post usd/jpy weekly anymore dunno why but its not that important, you should get a picture where in next +- 2 years jpy should go and where important liquidity lies. Remember price can make very ugly moves in between and on its way. just look at last downtrend of usd/jpy!
Fundamentally, japs are about to monetize european debt as they already do US:
Btw US is secretly monetizing EU already. This all mean inflows into EU.
To sum it up, jpy now provided us some interesting opportunities and setups. I know about whats going on in EU so its not easy to pull the trigger. And its also bit late since we are off bottom liquidity levels, but IMO still not too late. Will u too join a Dark Ride? :
PS(u can always scalp your way up too, right Peter? ;)) )