Rocketman

Wave Analysis of the Japanese Yen (FXY)

AMEX:FXY   CURRENCYSHARES JAPANESE YEN TRUST
75 3 5
a year ago
If The Yen gets beyond 83.90, then this will confirm the beginning of a bear market for the USD as it did back in 2008 when the Yen rose; and it would justify the structure of this wave analysis.

I am also taken into consideration that a strong Yen is bad for the Japanese economy and for the Nikkei, being that Japan is an export-based economy. This should, then, spill over into the markets as it is doing now with the Nikkei and the US stock market . Equities in the US stock market are adjusting to the foreseen rate hikes of the Fed.

It is expected that the Fed will keep raising rates since they expect inflation to rise in 2016 for the US economy. This could be an opportunity to buy strong companies at discount prices.

Well, I have to wait and see where the Yen and Nikkei goes from here along with other things.
8 months ago
Comment: Checking up on the Japanese yen as Brexit sets in and the same pattern that happened the last time.

snapshot


If 55% of Britain voters vote out of the Euro, then this could fuel the fire, such that the S&P 500wll drop like in the following chart:
snapshot
8 months ago
Comment:
snapshot

Related Ideas

moorekapital
a year ago
It's been long price has stayed reppeled from the mean(red line) A solid break above your short black line, and price could get attracted to mean again. Let's see what happens
Reply
Rocketman PRO moorekapital
8 months ago
We are at your mean, like you said.
+1 Reply
moorekapital Rocketman
8 months ago
Incredible, huh
Reply
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