Friday, May 4, 2012

Yen Up, More Money To Make When It Goes Down

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).

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