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claydoctor
Sep 24, 2014 12:54 PM

USDJPY running smack into key long term resistance Short

U.S. Dollar/Japanese YenFXCM

Description

see no reason why we don't triangle again the 3rd time here.
Comments
claydoctor
On the other hand, if ECB finally leaps into traditional QE and Deraghi gets desperate because he has to, and the EUR devalues big time, and the yen does also as is their continued plan, the dollar may have no choice, but to break all barriers and chase way, way higher. Hey, its a currency war, and in war all is fair, right? And if that happens, and it very well could, what effect does it have on the markets. If the FED stays low with rates, every 100 basis points up costs them 150 billion in debt increase (interest), which they (we) cannot afford... so they HAVE NO CHOICE BUT TO STAY LOW WITH RATES, way longer than they want to. So its been fun folks, but the big 3 are making moves out of desperation, not design, and are reacting to what others are doing, indicates less control, which is all not good. And the 4th player already a player, but not so known is China. The dollar staying the Reserve currency status, and all that.
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