I have looked at my charts and it looks like the yen pairs have formed a recent bottom.
The probability of the YEN pairs going higher is very high, especially with the Bank of Japan monetary policies that wish to support a weak YEN.
A lot of things can change, this is the forex market. But for the last few months, buying the YEN pairs has been very profitable. I think it is a good strategy, I will continue buying the YEN pairs anytime i see a bottom forming. My interest lie in the GBPJPY, EURJPY,CHFJPY and HKYJPY. They seem to be the pairs that respond very well to YEN movements.
The probability of the YEN pairs going higher is very high, especially with the Bank of Japan monetary policies that wish to support a weak YEN.
A lot of things can change, this is the forex market. But for the last few months, buying the YEN pairs has been very profitable. I think it is a good strategy, I will continue buying the YEN pairs anytime i see a bottom forming. My interest lie in the GBPJPY, EURJPY,CHFJPY and HKYJPY. They seem to be the pairs that respond very well to YEN movements.