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- Thread starter santosLhalper
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20 year dollar/yen. I've been very bullish the yen since mid 2007 when it was at 110ish. My bullishness was based on the price action and the prospect of the unwinding carry/risk trade. Now that the USD has overtaken the yen as the carry currency and Japan's fiscal situation remain horrid, I think the price action may finally start to jive with the fundamentals. A break above the 95 level would break the downward channel, and confirm the inverse Head and Shoulders. The time may be coming to get very bearish the yen.
