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Usd/jpy : trump effect close to fading

The pair is showing some weakness around 108.50¥ which is 200 week moving average and weekly resistance.

Targets of shorting the pair at that level would be 106.80¥ then 103.50¥ areas.

However it is not recommended to short the pair now until it confirms a bearish resumption

The pair might continue its rally to 110.60¥ and that level would be very good short entry for a long term trade.

My overview for the pair is bearish and targeting 83¥ on the long term.

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