Waiting for Yellen, in order to go long.
On wednesday the Federal Reserve is going to make an statement about the US economy situation, bringing us a signal about what is going to happen with the federal rate in this year. The job creations, and the unemployment rate are almost in the full employment state, bringing pressure enough for a second interest rate rise in the year. So in that order of ideas, the USDJPY is in a triangle pattern, annd Yellen speak, can provide strenght enough for break up of the triangle, creating a possible scenary of change of trend.
*Another fundamental resource we need to have in account, is the fact that BOJ had already place negative interest, rate, putting the Yen in a weak situation against the currencies.
*Another fundamental resource we need to have in account, is the fact that BOJ had already place negative interest, rate, putting the Yen in a weak situation against the currencies.
Penafian
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