Keep alert for a 40-year long-term cycle on USDJPY verging on a major reversal into November-December 2011. This is further supported by monthly bullish DeMark™ exhaustion signals. A confirmation above $80.60 is required to launch a powerful recovery toward $83.30 and $85.50, with upside scope into $94.00.
USD/JPY Verging On a Major 40 Year Cycle Reversal