Dollar yen in this chart is the deadest dead cat that ever did die.
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Category: Yen
Signals
Who to follow?
Stocks followed dollar yen down in the morning, and oil up in the afternoon.
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Unprepared
Central Banks vs. Cycles
The Central Banks have struck back, with BoJ's move to negative interest rates on Friday. I'm not convinced the dollar yen rally is sustainable. But with a net-line buy on the weekly chart, we have to respect the potential for more USDJPY advance. The next few sessions are important for the currency, as we'll see if this move was simply a one-and-done or a part of a larger trend. More discussion inside!
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I'll believe the dollar yen rally more if gold turns lower.
Under Construction
Stocks are building a structure. Is it a floor or a ceiling? A big move awaits.
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