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The Case Against the Yen

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yen rally carries interesting implication Kuroda does nothing to slow appreciation I have stepped in to fade this strength Yen shouldn't be confused with safe havens WILD PROSPECT - The Yen is on the move again and when you break it down, things could start to get ugly if USDJPY takes out 110.00. Technically, the consolidation in USDJPY over the past several weeks has been classified as a bearish consolidation, with this latest drop potentially opening the next major downside extension

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