usdjpy close up 15 minute

FX:USDJPY   U.S. Dollar / Japanese Yen
The red line is the lower trend of the year long consolidation triangle. No wonder the direction has stalled right at this moment. If we go lower, we go very much lower, if we bounce, it catches a market loading up with shorts (like chicken little - and the democratic media - running all over town saying the sky is falling, the sky is falling) on a huuuuuuuge short squeeze, and we go much higher. USDJPY and stocks are correlated. Wonder if chicken little had a publicist and some media in his/her pocket, if she/he couldn't have made that sky fall just from saying it will happen, so often to anyone who would listen. Maybe if little had social media, it could have happened, and changed the story ending, and that life lesson. IMO we head down from here, but not because of all that "talk", but because this is typically a volatile time of year, and for other reasons, not sharing here.


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