The USDJPY has a bad week due to risk aversion and the fall in equities.My trade is still active and even though the pair had a fall all the uptrend boundaries are intact and also the JPY crosses seems to hold. At the end of October we had the BOJ announcing the QE measures for supporting the economy. Many tried to speculate on the currency, days before that the QE announcement would be much higher than excpected and this probable had serious effect on the early rise of the pair.
However , after the announcement the pair fall .Nonetheless, the fact that is still holding is also the rise in US treasury yields. This makes me to come to the conclusion that the main factor which moves this pair is US bond yileds and this should be taken under great account.
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