#USDJPY Weak Yen Strong Dollar
🔹The USDJPY pair is currently trading at 161.300, experiencing quiet low amount of volatility.
🔸Despite the low volatility, a Japanese official intervention is possible if prices break higher. Retail trader data indicates 21.98% of traders are net-long, with a short-to-long ratio of 3.55 to 1.
🔹The contrarian view to crowd sentiment suggests USD/JPY prices may rise, to 168.400 and 177.000 levels.
🔸On the other hand, recent sentiment changes warn of a possible price trend reversal sending the price down to the 50 MA (157.409), 154.000 and the 200 MA (151.090).
Zanzibar Trading
🔸Despite the low volatility, a Japanese official intervention is possible if prices break higher. Retail trader data indicates 21.98% of traders are net-long, with a short-to-long ratio of 3.55 to 1.
🔹The contrarian view to crowd sentiment suggests USD/JPY prices may rise, to 168.400 and 177.000 levels.
🔸On the other hand, recent sentiment changes warn of a possible price trend reversal sending the price down to the 50 MA (157.409), 154.000 and the 200 MA (151.090).
Zanzibar Trading
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