In this article USDJPY will be analyzed both fundamentally and technically and as known nothing is impossible in Forex so different scenarios will be drawn to express about the most probable scenarios with the USDJPY.
What is affected the move of USD/JPY nowadays:
USD/JPY is affected now by two different policies by both Bank of Japan (BOJ) and United States Federal Reserve (FED) and also affected strongly by BOJ quantitative easing which strongly hit Japanese Yen, finally Yen and other currencies is affected due to strong growth in US in the last months which make US$ to be favored.
Different policies by BOJ and FED:
In last Octeber,2014 BOJ Bank of Japan to inject 80 trillion yen into its economy “In a week when In a week when the US Federal Reserve announced it was calling time on bond buying program, the Bank of Japan moved in the opposite direction by increasing stimulus through an expansion of its quantitative easing (QE) program” (Source: theguardian).
In different, US FED is ready to raise interest rate for the first time from years, FED delayed its first rate hike more than once in order to prevent broad US$ gains which may dampen …