Added Shorts on USDJPY at 102.077
Bullish on Japanese Yen.
Long term target remains at 84.00 and just below 84.00.
Donovan Norfolk Technical Rating:
Bearish on USDJPY
Bearish on USDJPY
Bullish on Japanese Yen
Correlation:
Nikkei is peaking
Nikkei is peaking
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Don, precious metals may not rally as much as you interpreted it to be...read this enlightening article on Financial Repression http://danielamerman.com/va/Repression.html
ReplyDeleteUnless, other major forces are in play to throw the scheme off its trajectory....such as China dumping US treasury or RMB becomes free float...