USD/JPY (103.73) â€“ Weekly Forecast
Weekly forecast levels: 101.65/105.15
Trend for the week â€“ Downward/Neutral
Market Focus: Monetary Base, Capital Spending, Leading Index, Machine Tool Orders, BOJ Monthly Report.
Weekly Strategy: In spite the fact that the Japan economy is in very deep crisis the yen takes strong ahead the dollar in panic dollar sells for every other currency. The trading strategy in the coming week is temporary dollar recovery against the yen, but as overall the yen will continue to take advantage against the dollar. The trading strategy in the coming week is to open short positions, as sell on high movement.