Beginning this thread to trade USDJPY and determine where it gets me...
I will post my transactions and the fundamental rationale behind them. I really don't have a system, I have been trading for the last 4 good years. I use a combination of fundamental technical analysis (fibonacci extensions, moving average etc).
Any comments inputs will be appreciated.
My very first trade is short @78.17 - I think that the market is analyzing the BoJ to find out if they will defend the currency. My target is 77.55 at which point I believe we'll see a good leap to 79.50 place.