Once in a lifetime short on USD/JPY

Now is the best time to sell USD/JPY, according to Chris Williams, Senior Broker at Newedge.

He recommends a short position for the year, with a stop above 121.85. This is based on the RSI having reached its highest level ever on quarterly charts and price action being close to significant trendline resistance at 122.2. On the monthly charts, the RSI is also over extended and at its highest level in many years.

See article.