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.
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7 comments:
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?
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.
good pickup though.so when do you decide to make a trade.
I'm already long the stock market.
do you think there is any change in trend or are you still with the bearish yen picture
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.
DOUBLE TOP?
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