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Strategies & Market Trends : John Pitera's Market Laboratory

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Hawkmoon

To: Chip McVickar who wrote (18273)	6/16/2016 2:03:01 AM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Yen Revisited: Chip, the YEN did make it all the way up from 86 to 96.... it's the worlds most obsequious currency.. for A MAJOR that is. Message 30448123 To: John P who wrote (17756)2/11/2016 7:08:08 AMFrom: John P of 18275 The 35 Year Monthly USD/JPY has advanced all the way to 111 this morning..... as the carry trade unwinds and the YEN continues to get a flight to safety bid. Message 30451843 The Break out of the bullish ascending triangle on the YEN chart that is the futures type inversion of the Interbank market is showing a breakout above the 86 Level The USD has put in at least an intermediate term double top... with the YEN looking as positive as it does... I believe some of the USD decline is occurring as US Equities are being sold..........with the USD being sold and so many asset classes and currencies under pressure we are seeing a run to Gold. JJP

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