GJ trend look is up now, so if we are trading for long term, maybe we can got some big profits with long at GJ.
see this news :
The Japanese yen remains generally weak today as global equity markets rally following strength in the US stock markets. Japanese Q4 GDP rose 0.9% qoq with annualized rate at 3.7%. Both are much stronger than expectation of 0.4% and 1.5%. The report today suggests growth in Japan is still robust but two issues undermine the strength of the result. Firstly, the stronger Q4 result was somewhat inflated by lower base effect in Q3, in particular considering the second downward revision. Secondly, the GDP deflator dived further negative to -1.3% which suggests that real GDP was inflated. Other data from Japan saw industrial production rising 1.4% mom, 0.8% yoy. Capacity utilization rose from 018.4 to 110.2 in Dec. Jan machine tools orders was flat. Anyway, the yen paid little attention to the data as focus carry trade and risk appetite/aversion are still the main driver in the currency.
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