Open trading account 
Sentiment seems to be focused on the Yen pairs this week and the USD as well.
Generally the consensus I have gathered is that several market participants remain bearish the Yen in the long term, however, are expecting a significant correction this week.
I'll be watching the market carefully for counter trend trades, although I'm not entirely convinced of a major pull back in USDJPY to the 110 area as some have been stating.
The fundamental view on the Yen would not support such a move. Keeping in mind there is large public participation in this pair from a fundamental perspective, and they will be waiting with open arms, or better put, open buy orders for any corrective moves in the currency.
Overall I have more conviction is the USD pull back as attention may have shifted in the last week over to the Yen short as a preferred trade over the USD long, which is quite mature in it's current leg up.
Generally the consensus I have gathered is that several market participants remain bearish the Yen in the long term, however, are expecting a significant correction this week.
I'll be watching the market carefully for counter trend trades, although I'm not entirely convinced of a major pull back in USDJPY to the 110 area as some have been stating.
The fundamental view on the Yen would not support such a move. Keeping in mind there is large public participation in this pair from a fundamental perspective, and they will be waiting with open arms, or better put, open buy orders for any corrective moves in the currency.
Overall I have more conviction is the USD pull back as attention may have shifted in the last week over to the Yen short as a preferred trade over the USD long, which is quite mature in it's current leg up.
