DislikedUSDJPY - Which economy do you think is going to get better going forward? Investors are betting on the USD vs the JPY and USD JPY goes up. Add the fact that interest rates in the US will go UP from here on and the JPY rates will probably stay the same and you have USDJPY going up.
30 day Federal Funds Futures :
http://www.pfxglobal.com/intermarket...s-futures.html
In addition the VIX is tame compared to last year :
http://www.pfxglobal.com/intermarket...index-vix.html
Fundamentally USDJPY will continue going up for now ... there will be a correction here and there of course.Ignored
I'd have to agree with you when you look at the bigger picture unless there some really bad news or event that affects the USD. longer term I see carry trade pairs going up. We could still except to see the US economy take some more hits the next few weeks. But when people start taking their money out of commodities than we'll see it start to flow more into the carry.