Leading Index for Commercial Real Estate Increased 6% in April
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From Dodge Data Analytics: Dodge Momentum Index Rose 6% in April
The Dodge Momentum Index (DMI), issued by Dodge Construction Network,
increased 6.1% in Ap...
2022-01-30
Ready for the Yen Shock?
If USDJPY clears resistance, next stop is 125. In the process of getting there, it will clear the 40-year resistance line around 118. If it clears the last resistance just below 126, the mother of all inverse H&S patterns will complete with a target of 175.
The chart of USDJPY is much stronger once it breaks out though. Above the 170 area, there isn't much historical resistance to a move back towards the 265 level.
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