Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 677.62

-1.2%

Feb 5 4:00 PM EST

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To: ChartMan22 who wrote (93209)

6/7/2017 1:44:20 PM

From: John Pitera

Read Replies (1) of 222991

The USD/JPY has a long standing "Risk off" flight to Quality...... which might also be an manifestation of the the cyclical winding up and winding down of the " Longest, Biggest Carry Trade" that exists globally.

Every thing about the Japanese economic system is very opaque and quasi- mystical. Thus my comment that the Yen is unique as is there JGB Japanese Government Bond market.

a wee bit of history

Message 30492662

Here is a 1 year USD/JPY chart the USD/JPY is at the 50% retracement of the one year price range, which is a the same level as the .382 Fib cluster of the larger decline in $/Yen from 125.85 down to 99.08. the USD/JPY has broken down below it's 200 dma, however it has stayed within it's Bollinger Band thus far on the recent decline in the USD and so it's a mixed bag as to what the Yen decides to do next.

Chartman, look at this 35 year USD/JPY chart... a case can be argued that it is ultimately going to strengthen (USD weaken against the Yen ) all the way to the low 70's

Message 30451843

and you can click on response 177756 for a bit more longer term history of the Yen and the EUR.

To: John P who wrote (17756)	2/11/2016 7:08:08 AM
From: John P	of 19361

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. 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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