JAPANESE YEN LONG RANGE VIEW

ALWAYS A DEFLATIONARY CURRENCY, THE JCB JAPAN CENTRL BANK HAS DONE MUCH INTERVENTTION TO WEAKEN THE YEN IN THE LAST SEVERAL YEARS

A STRONG YEN IN THE 80 AREA USUALLY MEANS A RECESSION IN EQUITIES AND HIGHER GOLD

OBSERVE THE RECENT TOP IN THE S AND Ps and BULLISH GOLD CHART

LIKELY FAIL AT 1X1 BUT STRONG SUPPORT 99-100

WHAT WOULD WAR IN KOREA DO TO THE YEN? SHOULD MAKE GOLD SKYROCKET AND USDJPY SKYROCKET TOO

IF THE FED RAISES RATES THE CARRY TRADE WILL BE MORE ATTRACTIVE CAUSING USDJPY TO GO UP AS WELL

DANIEL BRUNO, CHARTERED MARKET TECHNICIAN

CONTACT ME IF YOU MANAGE FUNDS