USDJPY to keep falling until the BOJ responds with "overwhelming force".
That's the reasoning from Goldies analyst Robin Brooks.
Maintains the structural view that the USDJPY trend will be reversed
USD will head higher despite short-term declines
Analysts says BOJ would need to switch their emphasis back to balance sheet building to signal that it's not done with QQE
Doing so would be the trigger for USDJPY to move back to 120.00
BOJ calling an emergency meeting could become necessary if JPY appreciations gets out of hand
Goldies have their USD buttons stuck bullish mode for several years now. 1000/2000 pip moves in either direction is water off a ducks back to them, there's always a reason why it's going higher.