Long USDJPY Since 95.60

[B]My picks:[/B] Long USDJPY Since 95.60
[B]Expertise:[/B] Global Macro
[B]Average Time Frame of Trades:[/B] 1 week

The low yielding Japanese yen looks vulnerable going forward as investor’s sentiment shifts towards more risk taking. That said, I have been long USDJPY since 95.60 and I’m targeting 98, a possible trendline resistance. Even so, there are some risks for this trade as diversification away from the dollar, Fed quantitative easing and a record high US budget deficit are likely to continue to weigh negatively on the US dollar. To mitigate those risks to some extent I’m using a protective stop below 94. Good luck!