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USDJPY: Pennant turned to Bull Flag

FX:USDJPY   U.S. Dollar/Japanese Yen
72 0 1
JY depreciation starting to accelerate dramatically! If we see a further decline on US open today, we should reach 110 by tomorrow. Till EOM             BOJ Meeting there is enough time for further depreciation. If rumours (new easing Volume of about 2% of GDP) are correct and BOJ does not "disappoint", we will get a really fast move back to 120-125 Region. WATCH OUT for Gold/Miners (down) and SP500             (up)...

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