Buy USD against JPY.
FOREX is a very risky, and volatile market. Once the market starts making a trend, it is very difficult to predict how far a trend would last if there are no past records available. For instance, cryptocurrency, cryptocurrency is a currency although it is not designed to be exchanged or generally accepted like traditional legal tenders, USD, EUR, JPY, GBP, AUD and etc., however, they share very similar characteristics in trading. BTC was less than a penny in 2008, and it kept on rising and caught my attention in 2016 when it was below $600. I didn't expect it to go above $3,000, which was a pure guess. However, it boomed up to $69,000 in 2021. Who could have guessed that? No one.
I would like to avoid FOREX personally unless there is an absolute edge tempting me to trade due to the volatile characteristic, leverages, and margin call system. This is an instant kill for anyone who possesses a position against the market. Also, I tested my Time Principles Theory on the global currency market for over years, and the probability of winning rate didn't attract me at all. It scared me very much.
I am currently optimistic about the prediction of the USD/JPY market and wouldn't be hesitant to buy USD against JPY. It is quoted ¥148 / $1 on 10/16/2022. My analysis shows that it would climb up to above ¥200 per dollar in the near future. Also, beautifully, one of the reliable technical indicators shows a DOUBLE-BOTTOM in the chart. According to the indicator, the target is around 216 Yen per dollar.
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