• 17 hours The True Cost Of Opportunity In America
  • 23 hours Why Investors Shouldn't Ignore Gold Stocks
  • 2 days Facebook Scrubs Over 2 Billion Fake Accounts
  • 2 days Dow Scrambles To Avoid Fifth Straight Weekly Loss
  • 3 days Is This The World’s First Truly Democratic Stock Exchange?
  • 3 days India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 3 days First Quarter Profits Slip For World's Top Oil Companies
  • 3 days The Yuan May Be China's Biggest Weakness
  • 4 days Hedge Funds Having A Banner Year
  • 4 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 4 days BHP Turns Bullish On EVs
  • 4 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 5 days The $90M Inflatable Rabbit Redefining Modern Art
  • 5 days Huawei’s Fate In The Air
  • 5 days Tesla Slashes Prices Again
  • 5 days The Modern History Of Financial Entropy
  • 6 days Italy’s Central Bank Embraces Sustainable Investing
  • 6 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 6 days Researchers Push To Limit Space Mining
  • 6 days Could China Start Dumping U.S. Treasury Bonds?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Yen Rally Nearly Done

Hand Wringing

Every last point of profit has been squeezed out of the USDJPY move.

NOTE: The inverted FXY (ie +FXY with readtheticker.com) equals the USDJPY trend.

Trading plans to get great or even good returns on the long USDJPY trade in 2016 is unlikely. The move is long in the tooth and the energy from the Wyckoff 'Cause' looks done! The move was a perfect money maker, but nothing last forever.

This move involved selling the YEN and buying USD, this means the the long $USD or DXY trade will be losing a good friend. Traders knowing the $USD has little ground to make will start to build positions in opposite $USD trades like gold, silver and crude oil.

Yes the $USD can go higher, yes the USDJPY can go higher. The point is not far in our view

Japanese Yen Inverted Weekly Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"I was brutal in self-analysis. He told his sons his conclusions: "Successful trading is always an emotional battle for the speculator, not an intelligent battle."...He knew that his biggest enemy was his own emotions." ~ Jesse Livermore

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." ~ George Soros

"How many millionaires do you know who have become wealthy by investing in savings accounts?" ~ Robert G Allen

"The first rule is not to lose. The second rule is not to forget the first rule." ~ Warren Buffett

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." ~ Warren Buffett

 

Back to homepage

Leave a comment

Leave a comment