USD/YEN Update 15 December 2025
Currency is the play
On the weekly, the bull flag is established but not mature yet. We can pause for a few weeks before the fun and games start. Upside targets are 158.90 and 162.00. We could get through 154.30 on a big spike down in the USD with 152.80 the inflection point, just above where our stop is.
BoJ monetary policy meeting on Friday is the final opportunity for the doomsayers to be correct this year. They’ve been wrong all through the year, thus far.
The Bank of Japan has been gifted an unbelievable opportunity to hike short rates 25bps and currency and bonds remain unmoved.