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This chart has been a hot topic of discussion in our Traders Network ever since I predicted the price target of 100. As usual, everyone thought I was crazy, but the chart has once again proven itself. We could go back to the old debate again that it was news that caused the USD/JPY to move, but as traders we all know that price leads the news. We will continue to monitor this chart and manage our profits, and I am glad for those who have contributed and made a killing from this.
Here are some of my previous USD/JPY predictions on this blog:
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.