The yen is on it's way to becoming totally worthless but ironically 2016 is shaping up for yen strength from a technical standpoint. The massive pattern here is in play and suggests a downside target of 50.50. We are close to breaking the neck but as this is a weekly chart some patience will be required to see the position play out.
Fundamentals and technicals are lining up. Stay short into the end of the year. We may need a catalyst such as the US elections to get us going. Either way, strap yourselves in and get ready for a wild ride!