The uptrend continues.
At the moment the monetary policy of the Fed and the Bank of Japan for the near future is clear and we see an uptrend has formed on the chart.
The dollar rally continues, US stocks are rising and indices are at historic highs. Japanese stocks have been falling for the past three days, but the state regulator is doing its function and the level of foreign investments is growing. Furthermore, the course of the monetary policy of the Bank of Japan is aimed at a weak currency for export growth.
Therefore, we believe that the upward movement will continue and the quote will remain within the current channel in the upper Bollinger band. Therefore, we advise to enter the market at the borders of the upper band and take into account that the movement is ascending.
