jonasopdahl
Long

USD/JPY Going 1,400 Pips Higher?

FX_IDC:USDJPY   US DOLLAR / YEN
161 0 2
The average MAJOR declines from a top, since 1994, in USDJPY             are 31% in 27 months. USDJPY             is currently down around 21%. The average would take us down to $86 in September 2017 - a year from now.

The interesting thing is what happens after a +20% decline. The following bounce-average is 13%. That would mean from $100, USDJPY             could go as high as $113 in the coming months.
Comment: So this actually happened. From sub $100 to $113. Question is... where do we go from here? Down to $86 is my guess.
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