2020-09-27

A Yen For Trouble

I spy with my little eye, a small inverse H&S patter that takes FXY to 94 if it completes. USDJPY shows a similar pattern. The target is the green line, USDJPY 99.

A rising yen could accmopany a weaker U.S. dollar or the yen could rise against a strengthening dollar during a bout of risk aversion.

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