Fast stochastics show a tripple convegence just above the 80% line. The resistance line is extremely close. I'd say it's almost a certfor another big drop, possibly starting today with a bullish engulfing patten. Comments?
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USD/JPY Due another BIG drop NOW!
- Thread starter rednephilim
- Start date
From a fundamentals standpoint:
Land prices in Japan have been reportedly increasing for the first time in a decade. This is the first sign that prices in Japan might actually be reversing upward and that disinflation may be abating. Lastly, land is typically the collateral used by banks for lending money, and if land prices increase banks balance sheets improve.
This all looks very bullish for the Yen.
Land prices in Japan have been reportedly increasing for the first time in a decade. This is the first sign that prices in Japan might actually be reversing upward and that disinflation may be abating. Lastly, land is typically the collateral used by banks for lending money, and if land prices increase banks balance sheets improve.
This all looks very bullish for the Yen.
JPY is the most dificult play these days. Even EUR/JPY or CHF/JPY, looked like a bounce on the trend line, but looks more and more like a break.
I play AUD for asian currency.
I play AUD for asian currency.