USD/JPY (103,90) … Bullish setup as 1 / the cross has taken out the downtrend channel that held since more than one year. 2/ Triple bottom around 100 level AND MACD bullish divergence. 3/ ADX (bottom chart) is showing up trend starting .
Upside potential looks high for the mid term BUT keep stops below 100 on weekly closing basis .
Note that JPY weakness is bullish for Japanese stocks – See in Virt Pf recent purchase of Japanese stocks exposure using Currency (ie JPY) hedged Etf : HEWJ.