Yen weakness is the key to all carry trader . USDJPY has been trading around 100 level a Psychological level of 100.00 . Market has accepted this as equilibrium level for now. Bull start looking for buying opportunity Base on Daily and 4 H this level is hold.

USDJPY 1H ( 19Aug, 2016)

Looking at 1H higher low is forming with higher high develop later here

USDJPY 15M ( 19 Aug , 2016)

Bull will Fine tune to 15M look for entry around 100 area with tight stop about 40 pips target at least 101 .

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Daniel Chan

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