YEN 75 to 150?

This is what we said on 17 Jan 2007
“The USD/YEN ratio line broke the 22 year trend suggesting YEN is ready to move out of inaction and head to potentially below 80 (33% strengthening) for many years. However, before it does that we might see some final bit of dollar surprise strengthening. Technically many factors still favor dollar strengthening in the short term, whether this takes an intermediate strengthening remains to be seen. But if we add the gung ho factor, dollar might just wake up against it.”
What now? Jiseki multi year cycles are topping on (FXY YEN ETF) coming from 60 percentile. The cycles have not reversed yet, but signs of stagnation and topping are there. Even multi week intermediate Jiseki is negative. The current price structure is negative. Below 78, we continue to look at another marginal low till 75 after which the move up first to 94 (up 25%) and then up till 150, this is a 100% move from 75.
What this means for Japan? What these means for the world? What this means for Gold are intermarket thoughts? For us at Orpheus multi year Jiseki is ready to turn after 5 years and with a decade long momentum non confirmation to boot, this could be a better deal than GOLD. A non confirmation of such degree is not going to give small reversals.
The latest Alpha carries a detailed technical case of the YEN, multi year outlook, levels and projections, our historical anticipated and happened case on YEN and some beautiful YEN market fractals.
Enjoy the latest Alpha Forex
Coverage Global: S&P500 components, Global Indices, ETF SPDRS, Commodities, Bonds and Currencies