CosmicDust

USDJPY long term chart - no bottom in sight - 5/17/2016

FX:USDJPY   U.S. Dollar / Japanese Yen
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This chart studies past USDJPY             slumps and how long they lasted. Given the direction of 10 month MA, the long term trend is bearish , and there is no sign of bottom in sight. So we will have to assume the bearish trend will continue until we see 10 month MA improves (together with improved RSI and MACD profile).
BOJ will QE again, report came out yesterday, not sure when they start as they first need to run all the numbers, they could start, June, July, or August. The governs,not can't allow the currency to be at the levels the charts shows. The companies in Japan can't function at those yen levels. The need 114 plus for exports.
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Awesome chart
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