USD/JPY: Positioning for a Breakout from Sideways Action – A Fundamental Long Play

The Fundamental Case for USD/JPY Long

Looking at the full picture, despite USD/JPY’s current sideways trend and today's slight dip of -0.19% to 149.21, I see a compelling fundamental case for a long position on this pair. Consider the following: the divergence in monetary policy between the Federal Reserve and the Bank of Japan remains a dominant theme. The Fed has maintained a "higher for longer" stance