Tuesday, January 06, 2009

The Selling In The Japanese Yen Continues



It's about 11:00 AM on Tuesday morning and the Japanese Yen is down once again. If you recall I was warning of a top the day before the actually high which was made on December 17th. The day after the high I posted about the island top that developed which added further confirmation that a top has been made. You can read those two posts by clicking here and here.

7 comments:

Anonymous said...

I think in an earlier post you indicated a correlation between the yen and the US stock markets. IIRC, as the yen was strengthening the US markets would weaken.

Do you think the falling yen could be another signal regarding the continuation of the current bear mkt rally?

Kevin said...

Yes, I do believe a falling Yen is bullish for the stock market. Falling bonds are also adding support to the stock market as well.

Anonymous said...

good pickup though.so when do you decide to make a trade.

Kevin said...

I'm already long the stock market.

Anonymous said...

do you think there is any change in trend or are you still with the bearish yen picture

Kevin said...

The trend in the Yen is still up. I was looking for a correction which we did get but the long-term trend is clearly up.

Anonymous said...

DOUBLE TOP?

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites