NOTE: The inverted FXY (ie +FXY with readtheticker.com) equals the USDJPY trend.
Trading plans to get great or even good returns on the long USDJPY trade in 2016 is unlikely. The move is long in the tooth and the energy from the Wyckoff 'Cause' looks done! The move was a perfect money maker, but nothing last forever.
This move involved selling the YEN and buying USD, this means the the long $USD or DXY trade will be losing a good friend. Traders knowing the $USD has little ground to make will start to build positions in opposite $USD trades like gold, silver and crude oil.
Yes the $USD can go higher, yes the USDJPY can go higher. The point is not far in our view.
Original Post: http://ift.tt/NbveC9