Time for my periodic check on the Japanese Yen. A few weeks back I thought a head and shoulders could be forming and the exchange rate would go down (implying strength against the US Dollar). Below is the chart which seems to suggest that I might have been on to something. As an added bonus, in Marc Faber's newest monthly piece, he also calls for a bullish move in the Yen (it's nice to have smart people agree with you on occasion).
Broken Money
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