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).

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...