USDJPY : POTENTIAL SHORT TERM REVERSAL SIGNS

Hello traders , here's my point of view , it's not a financial advise it only concern me

fundamentally :

Abandoning the loose monetary policy may trigger a massive revaluation of the yen
Yen to strengthen with energy prices cooling and once the Fed is in the rear window
Japan’s resilience to oil price rises will make the yen an effective hedge
Risk aversion could intensify as there are plenty of reasons to be worried
Monetary base set to nosedive
Japan’s cultural advantage over the US to result in a faster economic comeback
Japanese yields no longer the lowest in the world
Virus risks have not dissipated
Japanese institutional investors go back home when troubles emerges abroad
Yen can be favored as the home-country safe-haven and for equity earnings

technically :

price struggling to continue , strong over extension , supply area being created