We have a very clear setup with the market rolling over after hitting an options expirations key level, since the Yen pairs soared due to Bernanke's helicopter money suggestion to Kuroda. In this chart you can observe the trade weighted index chart behavior, to more clearly illustrate the true strength in the Yen, clearly, this year's top investment, closely tied with precious metals and mining company's shares, and to a lesser extent bonds.
I reccomend going long the Yen, pick your desired instrument, give it enough breathing room and let it run. We seem to be ready to resume the downside push with force. Hold on tight!

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance% on such information.
Comment: Ready to accelerate down.
Comment: Time to reshort this.
Comment:
snapshot
Very great analysis!!
+1 Reply
Could you give a prediction update for this chart please?
Reply
Greetings Ivan,
Do you mean a downward push on the yen or downward push on yen pairs?
Thanks,
H B
Reply
IvanLabrie PRO HermanBrummer
Down on *jpy pairs, which is how people usually trade them, and not the other way around.
Long Yen...
Reply
HermanBrummer IvanLabrie
Thanks Ivan. Just checking.
Good luck!
Reply
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